Tweet security lapses, Elon Musk claims

By TechThop Team

Posted on: 16 Sep, 2022

Deal cancellation

A court filing on Thursday accused billionaire Elon Musk of hiding serious security flaws in Twitter Inc.'s data, allowing him to cancel a $44 billion deal.

Musk's lawsuit

On Tuesday, Musk amended his lawsuit to include allegations of foreign meddling on Twitter made by a Twitter whistle-blower.

Agreement violation

Moreover, Tesla's chief executive accused Twitter of hiding from him that it violated its 2011 agreement with the FTC.

New light

This amended countersuit explicitly states that the Musk Parties have the right to withdraw from the Merger Agreement in light of the newest revelations.

False accusation

Pieter 'Mudge' Zatko, ex-head of Twitter's security, made false claims against Twitter, Musk claimed.

Trial period

On October 17, Musk is scheduled to begin a five-day trial in Delaware, in which he will claim he was not obligated to close the deal.

Twitter fired Zatko

Thursday's trading was up 0.6% on Twitter. Zatko was fired for poor performance, Twitter said in an internal investigation into his allegations.

Lawyer's explanation

Musk's lawyers say that the whistle-blower claims he incorporated into his lawsuit are not grounds to terminate the deal or don't meet the fraud standard.

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