Senators Warren, Wyden, Markey, Hirono Seek Answers from Twitter on FTC Compliance Following High Level Resignations
Press Release
Issues: Technology and Communication Legal
"Regardless of his personal wealth, Mr. Musk is not exempt from the law, and neither is the company he purchased. Twitter must meet the requirements it agreed to under the 2011 and 2022 FTC agreements. If reports about Mr. Musk's actions are correct, it appears that the company may not be doing so.
BREAK IN TRANSCRIPT
These personnel changes, firsthand accounts from employees, and hasty launch of new products raise questions about whether Twitter is able to comply with its obligations under the FTC consent decree. In apparent dismissal of concerns regarding reducing his workforce, Mr. Musk's team has said he is "used to going to court and paying penalties, and was not worried about the risks.'"
Source