Sign Up on MEXCBreaking: Elon Musk Cites Whistleblower To End $44 Billion Twitter Deal
Elon Musk, the world’s richest man and Tesla Chief submitted another deal termination notice to Twitter Inc. However, this time Musk cited whistleblower as a new reason to end this $44 billion with the Social media giant.
Musk using Whistleblower to end Twitter deal
Earlier, Coingape reported that Twitter’s Ex security chief Peiter Zatko disclosed that the Social media platform misled regulators over spam and bot accounts data.
He added that they don’t hold any such resources that can calculate the exact number of bots. The whistleblower also stated that Twitter was not planning to get that data.
Meanwhile, Elon Musk has already accused Twitter of not disclosing the essential details required in the $44 billion deal. According to Bloomberg, Musk’s lawyer mentioned that Zatko’s claims suggest that the platform breached the conditions of the agreement.
However, Both Musk and Twitter have filed subpoenas regarding the Zatko. He revealed shortcomings in the platforms over handling personal data of users. This included running outdated software and violating executives’ details.
Will Musk win this legal tussle?
In the meantime, Tesla’s chief is trying to get testimony from Zatko to gain momentum in the legal tussle. This is all being done in order to walk away from the Twitter deal which sued Musk to complete this deal. As per the report, over 100 people, banks, and other firms have been subpoenaed in the Delaware suit. The trial is scheduled to begin on October 17.
According to the data, Twitter shares are trading down by more than 1% in the pre market trade. However, its share price ($40.04) is still down by 38% over the past year.
These new findings are directly helping Elon Musk to prove his claim. The letter published letter states that Twitter is in “material noncompliance”. This holds obligations around data privacy and user protection laws. While it flagged that the company is vulnerable to data center failures.
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