The FTC’s treatment of Facebook helps illustrate the danger to Musk and Twitter. In 2019, following a complaint alleging violation of a 2012 order, the agency hit the company with a record $5 billion in fines, and named CEO Mark Zuckerberg personally responsible for compliance and certification of documents under penalty of perjury. Heavy fines could be a major problem for Twitter, which, as part of Elon Musk’s takeover, was loaded with debt.
The chaotic early weeks of Musk’s ownership of Twitter have already suggested the company risks missing some of its FTC requirements. The Verge reported that the recent relaunch of Twitter’s subscription service skipped traditional privacy and security reviews, and
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