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Elon Musk accuses Twitter of fraud in updated counterclaim

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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.

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Niche accountants proving essential to e-commerce success

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

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Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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Financial stress deemed a leading cause of relationship breakdowns

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Expert insights on preventing financial conflicts and keeping relationships thriving

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Dee Tozer, Couples Master Coach.

#investment insights

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