The European Commission has warned Tesla CEO Elon Musk that he must comply with EU rules after the billionaire acquired the social media platform, Twitter.
Musk’s completion of the deal came just hours before a Delaware judge’s deadline to finalize the move on Friday following months of legal back-and-forth between the Tesla CEO and Twitter executives. The deal was set to go to trial if the two sides hasn’t reached an agreement by then.
‘I Did It to Try to Help Humanity’
There has yet to be an official announcement of Musk’s takeover of Twitter but the businessman shared a video of himself on Wednesday walking into Twitter headquarters while carrying a sink, tweeting, “let that sink in.”He has also changed his Twitter bio to read: “Chief Twit: with a location tag stating ”Twitter HQ.”
“There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society,” Musk wrote. “That is why I bought Twitter. I didn’t do it because it would be easy. I didn’t do it to make more money. I did it to try to help humanity, whom I love.”
However, the businessman cautioned that the social media platform “obviously cannot become a free-for-all hellscape, where anything can be said with no consequences.”
“In addition to adhering to the laws of the land, our platform must be warm and welcoming to all, where you can choose your desired experience according to your preferences, just as you can choose, for example, to see movies or play video games ranging from all ages to mature,” Musk said.
Elsewhere, multiple reports state that Twitter CEO Parag Agrawal and CFO Ned Segal are no longer working in their roles, although neither has yet to make official statements regarding the matter.