FTC deepens probe into Twitter’s privacy, security practices- Bloomberg News – ThePrint –

(Reuters) – The United States Federal Trade Commission (FTC) is deepening its probe into Twitter Inc’s privacy and data security practices, Bloomberg News reported on Tuesday, citing sources familiar with the matter.

The FTC’s lawyers have questioned two former company executives in the past month on the social media platform’s compliance with the agency’s 2011 consent decree, the report added.

According to Reuters, a source familiar with the matter said that the agency asked the company if they have the resources necessary to comply with the consent decree.

Twitter agreed to pay $150 million in fines to settle claims that it misappropriated private information.

Concerns have been raised that mass layoffs at Elon Musk’s social media company, which was purchased in October by Elon Musk for $44 billion, may not be in accordance with the settlement.

Twitter laid off approximately 3,700 employees in an effort to cut costs in November.

The company did not immediately respond to Reuters’ request for comments, while the FTC declined to comment.

(Reporting by Akash Sriram in Bengaluru; Editing by Shinjini Ganguli)

Disclaimer: This report was generated automatically from the Reuters news site. ThePrint does not take responsibility for its contents.

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