US President Joe Biden said on Friday that Elon Musk had purchased a social media platform in Twitter that spews lies across the world, Reuters reported.

Biden said at a fundraiser: "And now what are we all worried about: Elon Musk goes out and buys an outfit that sends - that spews lies all across the world... There’s no editors anymore in America. There’s no editors. How do we expect kids to be able to understand what is at stake?"

Musk has promised to restore free speech while preventing Twitter from descending into a "hellscape." But major advertisers have expressed apprehension about his takeover for months.