Twitter Boss Elon Musk not above the law, warns US regulator: NB Inspire

Naresh Bag
By -NB Inspire
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The Federal Trade, Mr, Musk Commission said new chief executive Elon Musk was not above the law.


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


The company has been n disarray since Mr, Musk started firing thousands of employees last week.


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

NB Inspire

On Thursday, Yoel Roth, who had been Twitter's head trust and safety, updated his profile on the social media platform to indicate that the was no longer in the role.


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 $150 Million in May for selling users'date and had to agree to new privacy rules.


We are tracking recent development at Twitter with deep concern, Douglac's director of public affairs, said.


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


Mr Farrar said the FTC had' new told tools to ensure compliance, and we are prepared to use them.


Since Taking charge Mr, Musk has fired former chief executive Parag Agrawal and other top management, and the company's adverting and marketing chiefs have also left, adding concerns that Twitter does have enough people in place to oversee that it remains compliant with regulations.

Money Concerns

In a separate development, Mr. Musk reportedly told employees in a meeting that he was not certaion about the future financial performance of the company, and that bankruptcy was the possibility. 


"We just definitely need to bring in more cash than we spend. we don't do that and there's a massive negative cash flow, then bankruptcy is not out of the question, Mr, Musk is understood to have said.


He also urged employees to work with a maniacal sense of urgency according to reports.


A number of big advertisers have been spooked by the direction Mr, Musk is taking the social media firm.


Twitter makes most of its money through adverting, but some large advertisers have paused spending while they take stock of the changes that Musk is bringing in.


On Thursday, Chipotle Mexican Grill said it had pulled back its paid and owned content on Twitter" while we gain a better understanding on the direction of the platform under its new leadership. 


It joined other brands including car firms General Mothers, Volkswagen and Audi, drugs giants Pfizer, and food manufacturer General Mills, which owns brands including Cheerios and Lucky Charms.


Some brands are said to be concerned that Mr, Musk will relax content moderation rules and reverse permanent Twitter bans given to controversial figures including former US President Donald Trump.

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