Best News Network

Federal Trade Commission Chair Declined To Meet With Elon Musk | Entrepreneur

The Federal Trade Commission, which is investigating Twitter, declined to meet with CEO Elon Musk in late January, according to The New York Times.

“I recommend that Twitter appropriately prioritize its legal obligations to provide the requested information,” chair Lina Khan wrote. “Once Twitter has fully complied with all F.T.C. requests, I will be happy to consider scheduling a meeting with Mr. Musk.”

The letter, which the Times viewed, said Twitter had delayed producing documents and depositions for the agency, which is responsible for trying to protect consumers from deceitful business practices.

The agency’s relationship with Twitter is marked by an investigation that ended in 2011 with the FTC settling with the company over data security practices, which included a program to protect user data the company had to implement. It was also fined $150 million in May 2022, the agency said, for breaking the terms of the agreement.

After Musk took control of Twitter in October and initiated mass layoffs, as well as other changes at the platform, the FTC became more worried about its ability to meet its agreements, per the AP.

The ongoing inquiry, per the NYT, which viewed agency emails and spoke with “people with knowledge of the matter,” includes wanting Musk to sit down for a deposition.

Khan also said in her late January letter she was “troubled by Twitter’s delays and the obstacles that these delays are creating for the F.T.C.’s investigation.”

Related: ‘A Serious Concern’: Journalist Paints a Harrowing Picture of What’s to Come With Twitter Blue After Her Account Is Cloned

Musk railed against the agency in March when he attacked the agency for asking for information about the journalists who could view company internal communications, i.e., the “Twitter files,” per the WSJ.

Leaders of companies under investigation by the FTC have met with the agency to help reassure the regulator about compliance, but it’s not frequent, the NYT noted.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.