Twitter has submitted a subpoena to obtain the communication records of Senator Elizabeth Warren. The request specifically targets her correspondence with the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC).
Senator Warren wrote a letter to the SEC urging an investigation into Tesla and its potential conflicts of interest following CEO Elon Musk’s acquisition of Twitter last year. She expressed concerns about Musk’s actions since acquiring Twitter and remaining the CEO of Tesla, stating that they raise issues of conflicts of interest, misappropriation of corporate assets, and negative impacts on Tesla shareholders.
The filed subpoena requests all documents and communications between Senator Warren, the SEC, and the FTC pertaining to her letter, Twitter (identified as X. Corp.), and Elon Musk since his acquisition of the social media platform in October 2022.
This is not the first time Senator Warren has raised concerns about Tesla’s conflicts of interest. She previously sent a letter to the company’s board chairman inquiring whether they had failed to fulfill their legal obligations. Warren claimed that the board had refused to provide answers.
Elon Musk faced criticism when SEC filings revealed that he sold billions of dollars worth of Tesla stock prior to his purchase of Twitter. He has faced further backlash for various controversial decisions on the platform, including layoffs, firing top executives, and introducing the Twitter Blue program, which requires a monthly subscription fee for verification checkmarks.
Senator Warren and a group of Democratic senators recently sent a letter to Twitter expressing concerns about the platform’s privacy and data security after several top data security executives resigned. They raised the possibility that Twitter’s actions may violate a consent decree with the FTC from 2022.
Last week, Twitter filed a motion to end the FTC’s oversight of its data security practices, which has been in place since a consent order was issued in 2011 due to significant data security failures.
Requests for comment were made to Senator Warren’s office, but there has been no response. The FTC and SEC declined to provide comments on the situation.
[Image Source: The Hill]
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
