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MLex Market Insight

What Musk’s Twitter vision means for international regulation; and South Korea’s privacy tsar

MLex Market Insight

MLex Market Insight

News

4.99 Ratings

🗓️ 29 April 2022

⏱️ 23 minutes

🧾️ Download transcript

Summary

Elon Musk’s 44-billion-US-dollar bid for social-media platform Twitter has fired up a conversation about freedom of speech, with the flamboyant Tesla boss saying the platform should be politically neutral to allow conversations to flourish. But why unbridled freedom of expression may resonate in the United States, Musk may yet have to temper his laissez-faire ambition when faced with a global mosaic of content-moderation rules — with the European Union’s brand-new regulation just one of the obstacles facing Twitter-unchained. Also on today’s podcast: South Korea’s seismic changes to its privacy legislation and how future tweaks could affect the role — and the powers — of the country’s top privacy official, Yoon Jong-in.

Transcript

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0:00.0

Welcome back to Emlex's weekly podcast, where we cover the big news in regulatory affairs.

0:16.1

I'm James Panicki, back in your feed after a week away.

0:19.8

And thank you very much to our teams covering both

0:22.0

the ABA's Spring Antitrust Meeting and the IAPP Global Privacy Summit in Washington, D.C.

0:29.1

It was great to hear their voices coming directly to you in the podcast from the margins of those

0:35.1

conferences. And don't forget to check out those podcasts if you haven't heard them already.

0:40.2

They're available at our archives at emlexmarketing site.com.

0:45.0

As for today, well, we'll be handing things over to our correspondence in South Korea

0:49.6

in just over 10 minutes from now.

0:51.7

Jenny Lee and Wiyong Lee have prepared a special report for M-Mex

0:55.8

based on an extended interview with the head of the Personal Information Protection Commission

1:01.3

Yun Jong-in. It's a vital moment in the country's revamp of its privacy rules, and our

1:07.4

correspondence have been all over that story in the course of the last few months

1:12.3

and we'll tease out some of the issues there. First up, though, the story that everyone is talking

1:17.7

about at the moment, Elon Musk's 44 billion US dollar bid for the social media platform Twitter.

1:25.0

M-X has responded to the news of the move by the Tesla founder with a fine

1:29.3

piece of analysis, a joint effort from our reporters in both Europe and the US. And one of the authors

1:36.1

is Jacob Krupa, who covers tech issues from our offices in London. And Jacob joins me now for a chat.

1:44.0

So let's start with what's unusual about

1:46.8

this deal. I mean, firstly, there was Musk's gradual approach as a minority shareholder, all of the

1:52.9

speculation that that led to, then his refusal to join the board, and we got talking about that.

1:58.1

And then this final takeover attempt, which appears to be successful,

...

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