Musk cites whistleblower as new reason to exit Twitter deal - KY3
(AP) - Tesla CEO Elon Musk and Twitter lobbed more accusations at each other Tuesday over revelations by a Twitter whistleblower, who has taken center stage in Musk’s effort to back out of an agreement to buy the social media platform for $44 billion.
In a filing with the Securities and Exchange Commission, Musk said his legal team notified Twitter that information in a whistleblower complaint filed by Peiter Zatko, Twitter’s former head of security, provided additional reasons for ending the deal.
Twitter fired back, saying that Musk’s attempt to terminate the acquisition is “invalid and wrongful” and that it it was based solely on third-party statements that it claims are “riddled with inconsistencies and inaccuracies and lack important context.”
Twitter has asked the Delaware Chancery Court to force Musk, a billionaire, to go through with the deal. A high-stakes trial is set to start the week of Oct. 17, although Musk is now also seeking to postpone it by a month.
Zatko, known by his hacker handle “Mudge,” served as Twitter’s head of security until he was fired early this year. He alleged in his complaint to U.S. officials that the company misled regulators about its poor cybersecurity defenses and its negligence in attempting to root out fake accounts that spread misinformation.
Musk has spent months alleging that the company he agreed to acquire has undercounted its fake and spam accounts. The company’s alleged misstatements, he argues, mean that he shouldn’t have to...
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