US President Joe Biden has criticized Elon Musk’s purchase of Twitter Inc, claiming the social media site was guilty of spreading false information around the world.

President Biden made this statement in passing during a fundraiser in Chicago earlier this week, when he warned taxpayers about the impact the upcoming election would have for years to come.

Remember that the media platform Twitter, formerly owned by Jack Dorsey, was bought for $44 billion by Elon Musk, a self-described advocate of free speech. Since the takeover, however, Musk has initiated a plan to lay off around half of the company’s 7,500 employees after ousting most top executives and the board.

Based on developments, the Biden administration has already made clear its position in favor of encouraging censorship of offensive speech and falsehoods on social networking sites. However, the president emphasized the absence of oversight on Twitter, adding:

“There are no publishers anymore. There are no editors. How do we expect children to understand what is at stake?

Musk’s goals to reform Twitter’s content regulation have alarmed advertisers. These include Pfizer Inc. and General Mills Inc., which say they will halt spending on their ad campaign on the site for now while they wait to see how Musk proposes to revamp Twitter.

Civil rights groups begin to ramp up pressure on Twitter advertisers

Additionally, civil rights organizations are increasing their pressure on advertisers to demand that Musk take steps to prevent the site from serving as a platform to incite hate speech or disinformation.

Musk confirmed earlier this week that reservations about content filtering on Twitter had contributed to a sizable loss in sales as advertisers tighten budgets. In the meantime, he insisted that nothing has been altered with the content standards.

In October, after Musk’s acquisition of Twitter, reports suggested several ways that Musk, who is one of the biggest crypto influencers globally, could bring more cryptocurrency On twitter.

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