Elon Musk Fined In Turkey Over Twitter Deal

March 6, 2023 Story: Jai Pratap

The Turkish Competition Board is fining billionaire Elon Musk 0.1% of Twitter's gross income in Turkey in 2022.

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The board claims that the takeover was illegal as it happened without their permission.

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The board said in a statement that the ruling would be open to a legal challenge.

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Elon Musk has faced regulatory scrutiny from all over the world since he acquired Twitter.

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Elon Musk earlier faced a lawsuit from Twitter after he tried to pull out from the deal.

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Along with regulatory scrutiny, Elon Musk faces lawsuits from former Twitter employees post mass layoffs.

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Elon Musk acquired Twitter for $44 billion in October and since then the platform has undergone a complete overhaul.

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