In the midst of the raging battle between Twitter and Elon Muska former social media company official set off a whirlwind.
Twitter’s former head of security, Peter Zatko, announced that the company misled federal regulators about the security risks facing the social media giant, which could support Musk’s bid to evade the $44 billion purchase of the company.
old and invalid
Zatko said in his complaint that Twitter falsely told regulators that it had a robust security plan, noting that he alerted colleagues that half of the company’s servers were using outdated and invalid software, according to a redacted version of his complaint.
After that, Twitter decided to form more teams working to combat malicious content and fake accounts after the storm unleashed by Zatko.
Zatko’s talk highlights new areas Musk will focus on in his legal battle, such as allegations that Twitter has failed to disclose weaknesses in its security and data privacy.
Anne Lipton, a professor at Tulane Law School, said the former Twitter official’s revelations provide “a different basis for fraud,” according to Archyde.com.
The confrontation between Musk and Twitter
This comes at a time when the legal confrontation between Mask and Twitter Mainly so far on allegations that the company misled a billionaire about the number of spam accounts on its social media platform.
It is not yet clear whether and how Musk’s team will use Zatko’s information, although Musk’s lawyer, Alex Spiro, said Tuesday that a request had been made to the court to summon Zatko over what he said. “We found his departure and other key employees to be intriguing as to what is happening within the company,” Spiro said in a statement.
its stock drop
It is noteworthy that Twitter’s stock fell by 5.9% in late trading at $40.44 per share.
Musk, the world’s richest person and CEO of electric car maker Tesla, told Twitter in July that he would acquire the company for $54.20 per share.
(Archyde.com)
However, he accused her of not disclosing the true number of spam accounts on her social media platform, which the company estimated at 5% in the company’s disclosures. Musk explained that he relied on those disclosures when he offered to buy the company.
October 17
Since then, Twitter and Musk have exchanged lawsuits, as Twitter asked a judge in a Delaware court to order Musk to complete the deal. The trial is scheduled to begin on October 17.
Legal experts said that allegations of Twitter’s failure to disclose security and privacy risks may be easier for Musk to substantiate than allegations that the company miscalculated the number of spam accounts.