American billionaire Elon Musk may have violated the US Federal Trade Commission and jeopardized privacy and security on the microblogging network X (formerly Twitter).
.in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } }
This was stated by the US Department of Justice with reference to Axios.
The lawsuit was filed on September 11 on behalf of the Federal Trade Commission (FTC).
Elon Musk exercised close control over X Corp and sometimes gave employees orders that could jeopardize the privacy and security of data, the US Department of Justice explained.
In addition, the Federal Trade Commission investigated and found a chaotic environment at the company, raising serious questions about whether Musk and other managers were ensuring X Corp’s compliance.
Let us remind you that, according to the influential publication Bloomberg, Twitter shares fell threefold in price after the purchase of the social network by Elon Musk for $44 billion. in October 2022. Difficulties with content moderation led to the loss of 50% of advertising revenue.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.