The article uses the abbreviation 'LA' in two divergent contexts.
It cites Utah state Senator Todd Weiler's apparent (and erroneous) reference to recent Louisiana legislation ("complying with LA’s law"), but follows up with a Weller quote given to the Los Angeles Times.
I admit that you and Stephen must be smarter than I am. But I don't think you're smarter than the Twitter attorneys who warned their fellow employess about the legally-binding 2022 consent decree before they resigned.
The question is not whether the Yes Guys can perform this sort of antic.
(They can, because 1A).
And nobody needs to prove shitposts as the sole cause -- nor even one of several proximate causes -- of a loss in market value.
(That's irrelevant to whether or not Twitter violated that FTC 2022 consent decree).
This concerns an administrative agency's consent decree, not a lawsuit.
Senate and House don't merely legislate: they inquire about the merits of legislative proposals and investigate the effectiveness of implementation. Twitter had already violated the still-outstanding 2010 consent decree. I think the 2022 FTC decision to give them "one more chance" seems awfully gullible in retrospect. I hope Congress looks into that!
You are free to hope otherwise.
Mike waves away the very FTC "stuff" at the root of the tweet exchange: this particular Musk company was already in violation of both its 2011 and 2022 FTCs consent decrees because such major interface changes as this weren't allowed without formal examination.
Market caps of Lilly, Sanofi, and Novo Nordisk lost billions of dollars as a forseeable consequence of this violation. So if Congress wants to examine what this FTC "stuff" is all about, I am here for it.
I should expect any US Senator to accord Mr. Musk proper courtesy. (I hear they got rid of the spitoons, so I hope somebody will inform Mr. Musk about that).
For Twitter to willfully profit from an admitted business model of selling phony 'verifications' en masse is no more legal than selling fake IDs behind the liquor store, it's just larger in scale.