WARNING SHOT: FTC puts Musk on notice after Twitter's chaotic 24 hours
President Biden reacts to Elon Musk's Twitter acquisition.
The Federal Trade Commission fired a warning shot at Twitter on Thursday, signaling the agency is poised to crack down on the platform over privacy concerns as chaos continues at the social media giant amid rapid-fire changes implemented by new ownerTwitter was fined $150 million by the FTC in May, months before Musk took over, and new developments Thursday apparently grabbed the agency's full attention.
Then-FTC Commissioner nominee Lina M. Khan testifies during a Senate Commerce, Science, and Transportation Committee hearing on Capitol Hill in Washington, D.C., April 21, 2021.obtained a Slack message sent by a lawyer on Twitter's privacy team to all employees, informing them that the company's chief information security officer Lea Kissner, chief privacy officer Damien Kieran and chief compliance officer Marianne Fogarty had all resigned. Kissner confirmed their resignation in a tweet.
The lawyer went on to lambast Musk's actions since taking over in recent weeks, saying "Elon has shown that his only priority with Twitter users is how to monetize them.""I have heard Alex Spiro say that Elon is willing to take on a huge amount of risk in relation to this company and its users, because ‘Elon puts rockets into space, he’s not afraid of the FTC,’" the attorney also claimed.
"All of this is extremely dangerous for our users," the attorney wrote. "Also, given that the FTC can fine Twitter BILLIONS of dollars pursuant to the FTC Consent Order, extremely detrimental to Twitter’s longevity as a platform. Our users deserve so much better than this."
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