Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

US FTC asked Twitter for details on Musk's internal communications -House report

Published 03/07/2023, 05:08 PM
Updated 03/07/2023, 07:26 PM
© Reuters. FILE PHOTO: A view of the Twitter logo at its corporate headquarters in San Francisco, California, U.S. November 18, 2022. REUTERS/Carlos Barria/File Photo

WASHINGTON (Reuters) -The U.S. Federal Trade Commission asked Twitter to turn over some internal communications related to owner Elon Musk and other detailed information about business decisions as part of an investigation into the social media company, according to a report put out by two House of Representatives committees.

The FTC has sent more than a dozen letters to Twitter and its lawyers since Musk's takeover in October. Among the requests were the company "identify all journalists" who were granted access to company records and to provide information about the launch of the revamped Twitter Blue subscription service, the report said.

The FTC also wants Musk to testify in connection with the probe, the Wall Street Journal reported.

Musk, in a tweet, said it was "a shameful case of weaponization of a government agency for political purposes and suppression of the truth!"

Twitter did not immediately respond to Reuters' requests for comment.

The FTC said "it should come as no surprise that career staff at the commission are conducting a rigorous investigation into Twitter’s compliance with a consent order that came into effect long before Mr. Musk purchased the company."

The staff report by the House Judiciary Committee and Select Subcommittee on the Weaponization of the Federal Government said while some of what the FTC had asked for was relevant to its probe regarding Twitter, other elements went too far.

"There is no logical reason why the FTC, on the basis of user privacy, needs to analyze all of Twitter's personnel decisions. And there is no logical reason why the FTC needs every single internal Twitter communication about Elon Musk," the report said.

The agency has been asking Twitter if it has the required resources to comply with the privacy consent decree, a person familiar with the matter told Reuters last year.

© Reuters. FILE PHOTO: A view of the Twitter logo at its corporate headquarters in San Francisco, California, U.S. November 18, 2022. REUTERS/Carlos Barria/File Photo

One of the FTC's concerns was whether Twitter had the staffing needed to abide by a May 2022 settlement with the U.S. regulator in which it agreed to improve its privacy practices and place responsibility on people who held certain positions. The concerns had been prompted by mass layoffs at the firm.

Twitter in May agreed to pay a fine of $150 million to settle allegations that it misused private information, and also improve its compliance practices.

Latest comments

So, the government is just out in the public threatening journalists now. Nice look
Hey as you guys love to say, if theres nothing wrong then theres nothing to hide! Elon should love the transparency as he always says
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.