Tesla CEO claims he should be allowed to exit $44b Twitter takeover deal following whistleblower’s claim of security flaws
Elon Musk has accused Twitter of fraud, claiming they concealed serious data security flaws.
On Thursday, the billionaire’s legal team publicly released updated court filings.
The filings now adopt allegations made by former Twitter head of security, and recent whistleblower.
The whistleblower claims that Twitter’s security of their user’s information are vulnerable.
In the updated counterclaims, Musk’s team allege that this new information has revealed this misrepresentation was part of a larger conspiracy. The document continues to say this was to deceive the public and its investors about the dysfunction at the heart of Twitter.
According to the amended court filing, Musk says these new updates should allow him to put an end to his $44 billion deal to buy the company.
Prior to this update, Musk argued that the reason for him wishing to pull out if the takeover deal was due to the misrepresented number of spam accounts on Twitter.
Twitter on the other hand argued Musk used bots as a scapegoat to get out of the deal after a market decline.
