Money
Twitter shareholders give Musk the green light
Twitter’s shareholders have given Elon Musk’s $44 billion takeover deal the go ahead
It’s not exactly good news for billionaire Musk, who is trying to get out of the deal, citing concerns with spam accounts on the platform.
Twitter will attempt to force Musk to go through with the purchase, arguing that it’s too late to back out.
However, that decision will ultimately be left to the courts, in Delaware.
It follows testimony from Twitter Whistleblower, Peiter Zatko, who claims the social media platform is not transparent.
“I’m here today because Twitter leadership is misleading the public, lawmakers, regulators and even its own board of directors.”
Peiter Zatko, twitter whistleblower
Zatko, Twitter’s former head of security, says the platform can track any user’s precise location, and he knows because he was asked to do it.
“A Twitter engineer… could then access and inject or put forward information as… any of the senators sitting here today… Yes, I am concerned.
The company’s cybersecurity failures make it vulnerable to exploitation, causing real harm to real people.
“It’s not far-fetched to say that an employee inside the company could take over the accounts of all of the senators in this room,”
Peiter Zatko, twitter whistleblower
The final decision will be made by the Judge, at a hearing in October.