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 FO: FTC says it is concerned about Twitter. Must follow our consent decrees.

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FO: FTC says it is concerned about Twitter. Must follow our consent decrees. Vide
PostSubject: FO: FTC says it is concerned about Twitter. Must follow our consent decrees.   FO: FTC says it is concerned about Twitter. Must follow our consent decrees. Icon_minitimeThu Nov 10, 2022 8:27 pm

A US regulator says it is watching events at Twitter with "deep concern" after the platform's top privacy and compliance officers reportedly quit.

The Federal Trade Commission (FTC) said new chief executive Elon Musk was "not above the law".

Separately, Mr Musk reportedly told employees that bankruptcy is not out of the question for Twitter.

The firm has been in disarray since Mr Musk started firing thousands of employees last week.

The ability for users to buy verified status as part of a new subscription has raised concerns that the platform could be swamped with fake accounts.

On Thursday, chief privacy officer Damien Kieran and chief compliance officer Marianne Fogarty resigned according to reports, and the company's chief security officer Lea Kissner also quit.

The departures may increase the risk of Twitter violating regulatory orders. The firm was fined $150m (£119m) in May for selling users' data, and had to agree to new privacy rules.

"We are tracking recent developments at Twitter with deep concern," Douglas Farrar, the FTC's director of public affairs, said.

"No chief executive or company is above the law, and companies must follow our consent decrees."

Mr Farrer said the FTC had "new tools to ensure compliance, and we are prepared to use them".

.https://www.bbc.co.uk/news/business-63593242

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