- Elon Musk presented new evidence to desist from the acquisition of Twitter.
- Twitter shares fell more than 1.5 percent in premarket.
- Musk introduced to the file the statements of the former Twitter security chief, Peiter “Mudge” Zatkowho spoke of “extreme and egregious shortcomings” on the part of the social media company.
The complaint of the former Twitter security chief, Peiter “Mudge” Zatkoabout deceptions to which the social network supposedly appealed to confuse the regulatory bodies of the United States gave Elon Musk more reasons to get out of the purchase of the company without paying any penalty.
In April, Musk offered $44 billion for Twitter, but a couple of months later he backed off, saying the network has much more. bot and fake accounts than officially supported ones.
In this line, Musk’s lawyers presented this Tuesday, August 30, an extension of the request to terminate the agreement, published CNBC.
An answer was not long in coming: Twitter shares fell more than 1.5 percent in the premarket.
What did he say Peiter “Mudge” Zatko about Twitter and what it does for Musk
Peter Zatkoa former Twitter security chief, said in early August that he witnessed “extreme and egregious shortcomings” by the social network related to privacy, security and content moderation.
In July, Musk filed a notice with the US Securities and Exchange Commission to cancel the Twitter purchase.
At the time, the lawyers argued that Twitter had failed to meet its contractual obligations.
The new notice, added to the SEC filing Tuesday, cites the allegations made by Zatko as new reasons to terminate the deal.
Allegations about certain facts, known to Twitter prior to July 8, 2022, but not disclosed to Musk before or at that time, have since come to light and provide additional and distinct arguments for terminating the Merger Agreement. says the text signed by Mike Ringler, Musk’s legal representative.
In the communication, Musk says Zatko’s complaint demonstrates “misconduct” by Twitter, including the CEO, Parag Agrawalsomething that “probably has serious consequences for the business of the social network.”
The former security chief said Twitter is “uniquely vulnerable” to data center failures, “something that senior management knew about but ignored and tried to hide.”
Twitter and the tycoon will be the protagonists of a trial that will begin on October 17 in the state of Delaware. Musk’s objective is to cancel his acquisition of the company.
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