Elon Musk caused quite the Twitter storm by offering to buy the tech giant.
After that initial offer, he took a hit at Tesla with his significant investment in Bitcoin dropping like a stone.
Then he raised the question of the actual number of active accounts versus bots, and it turns out that 25% of active accounts reported by Twitter are actually fake accounts or bots.
NOW the FTC and DOJ are reaching a settlement for Twitter’s privacy violations.
It looks like the best thing Musk did was expose Twitter for the false, fraudulent shell of a business that it is.
The impact of this can be far reaching in the tech industry. Calling them out on their false valuations and if the government is involved in protecting people from Twitter’s invasive privacy violations, there is a lot more to come.
The United States Department of Justice and the FTC announced that they are settling a lawsuit with Twitter for $150 million in civil penalties and taking "robust" measures to protect users' privacy. https://t.co/49jPaGaATL
— Newsmax (@newsmax) May 26, 2022
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