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Twitter boss Elon Musk ‘not above the law’, warns US regulator

Following the rumored departure of Twitter’s top privacy and compliance managers, a US regulator has expressed “grave concern” about the company’s future.Information Guide Nigeria

The Federal Trade Commission (FTC) stated that Elon Musk, the new CEO, “is not above the law.”

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Separately, Mr. Musk reportedly told Twitter staff that bankruptcy is not impossible.

The company has been in disarray since last week, when Mr. Musk began sacking hundreds of employees.

The opportunity for users to purchase verified status as part of a new subscription has prompted fears that Twitter could be flooded with fraudulent accounts.

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Yoel Roth, Twitter’s former head of trust and safety, updated his profile on the social media platform on Thursday to reflect his departure from the position.

Chief privacy officer Damien Kieran, chief compliance officer Marianne Fogarty, and chief security officer Lea Kissner resigned, according to reports.

The departures may enhance Twitter’s likelihood of violating regulatory mandates. In May, the company was fined $150 million (£119 million) for selling customer data, and had to adhere to new privacy regulations.

“We are tracking recent developments at Twitter with deep concern,” Douglas Farrar, the FTC’s director of public affairs, said.JAMB Result

“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”.

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Emediong Ekpe

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing.

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