Twitter shareholders approved Tuesday the proposal that the company and Elon Musk agreed to close the sale of the company last April. social network $44,000 million (approximately 41,000 million euros). It’s a proposal the tech tycoon is trying to get rid of in a controversial lawsuit that will now be settled in court.
Tuesday’s vote represents a formal step to sell the platform at $54.20 per share, a price the Twitter board and Musk agreed on in April but could break in the coming weeks. And on May 13, the businessman announced that he was backing down and temporarily suspending the purchase, reducing the number of purchases to ensure he was being lied to. fake accounts (anyone boots) operates on the social network. This decision sparked a crisis between both parties that needed to be resolved in a lawsuit that is expected to begin in mid-October.
Shortly before Twitter shareholders approved the deal, United States of America They had heard witnesses in the Capitol Peter Zatko, the former executive of Twitter, who denounced the platform’s deception of authorities about its lack of security and privacy. in its appearance, “Mud” As the famous expert is known, Twitter testified to regulators and its own board that it lied by ensuring that its systems were free of security vulnerabilities and were not exposed to spam and interference from foreign powers.
More fire to the legal battle
While Twitter is confident that Zatko’s allegations are “filled with inaccuracies,” his complaint adds further problems for the board and could be crucial in its already tough legal battle with Musk. The former security chief said before the Securities Market Commission, the Federal Trade Commission and the US Department of Justice that the platform did not do enough to stop the spread of ‘spam’ or unsolicited messages and that he “lied to Musk about the name of the company”. boots”.
Zatko’s complaints would thus confirm Musk’s arguments about fake accounts on Twitter. Aware of this, the businessman’s legal team summoned the platform’s former head of security at the hearing to begin in October, and a judge allowed him to change his statement. sue to allow his testimony. Musk reacted to the shareholders’ endorsement of the buyout in his usual playful and provocative tone: a popcorn emoji depicting his legal conflict with the social network as a spectacle.
Twitter’s problems don’t end there. And the ‘Washington Post’ noted that regulators could respond to Zatko’s complaints by fining millions of dollars against the blue bird company.
Source: Informacion
