"Musk is Not Above the Law": U.S. Federal Trade Commission

The U.S. Federal Trade Commission (FTC) is following developments on Twitter "with deep concern" after reports surfaced that employees responsible for the platform's privacy were laid off.

The FTC has stated that new CEO Elon Musk is "not above the law." There is chaos within the company following Musk's decision to lay off thousands of employees last week. There are also growing concerns about a new opportunity for users to purchase verified status, which could lead to Twitter being inundated with fake accounts.