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Search resuls for: "Douglas Farrar"


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☆ The Federal Trade Commission says it is tracking Elon Musk's Twitter 'with deep concern' as top privacy execs quit
  + stars: | 2022-11-11 | by ( Matthew Loh | ) www.businessinsider.com   time to read: +3 min
The FTC said it's tracking developments at Twitter "with deep concern," per Reuters. It made the comment after four top execs in charge of privacy at Twitter reportedly resigned. Elon Musk said on Thursday that he and his team would fully comply with FTC rules. Twitter has also fired half of its global workforce, roughly 3,700 people, alongside several other tech giants that conducted mass layoffs. Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty also resigned, according to Reuters, citing a Slack message among Twitter's staff posted by an internal lawyer.
☆ Musk warns of Twitter bankruptcy as more senior executives quit
  + stars: | 2022-11-10 | by ( Katie Paul Paresh Dave | Katie Paul | Paresh Dave | ) www.reuters.com   time to read: +5 min
The U.S. Federal Trade Commission said it was watching Twitter with "deep concern" after these three privacy and compliance officers quit. Twitter did not respond to requests for comment on a potential bankruptcy, the FTC warning, or the departures. Wheeler was the face of Twitter for advertising after Musk took over. Musk has saddled Twitter with $13 billion in debt, on which it faces interest payments totaling close to $1.2 billion in the next 12 months. It joined other brands including General Motors (GM.N) that have paused advertising on Twitter since Musk took over, concerned that he will loosen content moderation rules.
☆ FTC watching Twitter security execs exits with 'deep concern'
  + stars: | 2022-11-10 | by ( Katie Paul Paresh Dave | Katie Paul | Paresh Dave | ) www.reuters.com   time to read: +4 min
Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty have also resigned, according to an internal message seen by Reuters. He announced plans to cut half its workforce last week, promised to stop fake accounts and is charging $8 a month for the Twitter Blue service that will include a blue check verification. "We are tracking recent developments at Twitter with deep concern," Douglas Farrar, the FTC's director of public affairs, told Reuters. "Elon puts rockets into space, he's not afraid of the FTC," the attorney quoted Spiro as saying. Twitter did not respond to a request for comment on the FTC warning, the note from the attorney or the departures.
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