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Well, that didn't take long

Twitter Inc's new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. privacy regulator and the exit of the company's trust and safety leader.

The billionaire on his first mass call with employees said that he could not rule out bankruptcy, Bloomberg News reported, two weeks after buying it for $44 billion - a deal that credit experts say has left Twitter's finances in a precarious position.

https://www.reuters.com/technology/twitter-information-security-chief-kissner-decides-leave-2022-11-10/

I thought this guy was supposed to be a brilliant businessman who was going to make Twitter even more relevant, not an inept clown who was going to destroy it. Of course, the Musk fanbois will tie themselves in knots to justify this, same as they did for Musk's clampdowns on free speech.
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Here's TechCrunch unpacking a bit more twitter mess for us:

On Thursday, key Twitter executives including the company’s Head of Trust and Safety Yoel Roth, as well as its Chief Information Security Officer Lea Kissner, Chief Compliance Officer Marianne Fogarty and Chief Privacy Officer Damien Kieran all abruptly departed the company. The FTC noted that they are watching with “deep concern” the ongoing situation at Twitter in light of the consent decree.

The FTC fined Twitter $150 million earlier this year after finding a breach of the settlement related to user data provided for security purposes being used for ad targeting.

Elon Musk’s lawyer, Alex Spiro, sent the following email to twitter employees, apparently clearing up a miscommunication about legal responsibility:

Elon – questions have arisen today regarding the consent decree in effect at the time you took over the company.

We have our first upcoming compliance check with the ftc since taking over and we will handle it.

The only party to the decree is Twitter- not individuals who work at Twitter. It is Twitter itself (not individual employees) who is a party and therefore only Twitter the company could be liable.

I understand that there have been employees at Twitter who do not even work on the ftc matter commenting that they could to to jail if we were not in compliance- that is simply not how this works. It is the company’s obligation. It is the company’a burden. It is the company’s liability.

We spoke to the FTC today about our continuing obligations and have a constructive ongoing dialogue.

TechCrunch followed up with a bit more clarification:

The 2011 consent decree required Twitter to establish and maintain a program to ensure and regularly report that its new features do not further misrepresent “the extent to which it maintains and protects the security, privacy, confidentiality, or integrity of any nonpublic consumer information.”

In a note (first reported by The Verge) posted in Twitter’s internal slack and visible to all employees, a departing internal attorney said that in fact, individual engineers do engender “personal, professional and legal risk,” seemingly in contradiction to what Spiro sent in the above email.

Source for all excerpts:
https://techcrunch.com/2022/11/11/musks-lawyer-tells-twitter-staff-they-wont-be-liable-if-company-violates-ftc-consent-decree/