Original article by John Davidson, Tess Bennett, Yolanda Redrup
The Australian Financial Review – Page: 10 : 27-Apr-22
The Australian Competition & Consumer Commission’s former chairman Rod Sims has welcomed the acquisition of Twitter by US billionaire Elon Musk. He says the $64.1bn deal will be "terrific" for Australian businesses if Musk follows through with his plans for Twitter, which including making its algorithms open source and cracking down on disinformation on the social media platform. However, Reset Australia’s executive director Chris Cooper says the Twitter buyout demonstrates the need for proper regulation of technology companies.
CORPORATES
TWITTER INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, RESET AUSTRALIA