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Musk’s lawyer pleads with the judge to have the Twitter hearing delayed

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Elon Musk’s lawyer pleads with the judge to have the Twitter hearing delayed, asks for investigation into whistleblower’s claims

Elon Musk’s lawyer has urged the court to delay the Twitter trial, so a whistleblower’s claims can be investigated. The case surrounds Musk’s desire to distance himself from his $44 billion without having to pay a termination fee.

The billionaire’s representation has requested a delay of several weeks, with the whistleblower claiming the Twitter platform has serious security deficiencies.

Musk’s acquisition of the social media giant had cracks in it from day one. The Tesla boss asked Twitter execs to produce information around the number of bots and false accounts on the platform almost immediately after announcing his intention to buy.

Do the whistleblower’s claims stack up?

New information shared by Twitter’s former Head of Security, Peiter Zatko, claims the platform lacks robust data security processes. This helped to support Musk’s reluctance to continue with the purchase.

But current Twitter execs have slammed Zatko’s claims as false. They also accused Musk of grasping at any information possible to back out of their agreement without paying the fee.

Observing this entire situation, it was clear from the beginning that  Musk rushed the purchase announcement. He failed to complete the due diligence required for an acquisition of such significant proportions.

The announcement was accompanied by bold claims surrounding what Musk would change on the platform, once he became the owner.

The initial media coverage generated by these announcements was astronomical. But once this eased, it became clear that Musk was beginning to stall the acquisition process – and his list of requirements from Twitter grew, in line with his reluctance follow through.

Now that Musk wants out, he is trying anything to walk away from the deal with as little cost to him as possible. Musk and the purchase of Twitter may be the most expensive impulse buy in history.

Dr Karen Sutherland is a Senior Lecturer at the University of the Sunshine Coast where she designs and delivers social media education and research. Dr Sutherland is also the Co-Founder and Social Media Specialist at Dharana Digital marketing agency focused on helping people working in the health and wellness space.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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