President Joe Biden criticized Elon Musk’s acquisition of Twitter Inc., announcing the social media platform turned into chargeable for spewing lies. Biden made the comments as an apart all through a fundraiser in Chicago on Friday night as he warned donors approximately the impact the Nov. eight midterms could have on the approaching years. “Now what are all of us concerned approximately? Elon Musk is going out and buys an outfit that sends and spews lies all throughout the world,” Biden said. “There’s no editors anymore,” Biden added. “There’s no editors. How can we assume children a good way to recognize what’s at stake?” Musk, who patterns himself as a champion of free-speech, obtained Twitter for $forty four billion. He has eliminated maximum pinnacle executives and the board, and fast launched into a plan to put off kind of 1/2 of the company’s 7,500 employees. His plans to redesign its content material moderation aleven though have rattled advertisers, inclusive of Pfizer Inc. and General Mills Inc., who say they may briefly pause advert spending at the platform to peer how Musk intends to extrade Twitter. Civil rights organizations also are stepping up stress on advertisers to make certain Musk takes steps to maintain the platform from being a bunch to hate speech or disinformation. Musk mentioned Friday that fears over content material moderation on Twitter had precipitated a “big drop in revenue” however said “not anything has modified with content material moderation.” White House Press Secretary Karine Jean-Pierre turned into requested Friday approximately the layoffs of content material moderators. “Look, the president has been outspoken approximately the significance of social media systems persevering with to take steps to lessen hate speech and misinformation,” Jean-Pierre informed journalists abourd Air Force One. “That notion extends to Twitter. It extends to Facebook and some other social media systems in which customers can unfold misinformation.”