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Elon Musk made serious allegations against Twitter company, says – there was a breach of data protection, asks to cancel the agreement



Strong points

The conflict between Elon Musk and Twitter is growing.
Elon Musk has accused Twitter of failing to protect user data.
Recently, shareholders of the Twitter company backed Musk’s deal.

wellingtons. Tensions are mounting between Tesla CEO Elon Musk and microblogging site Twitter. In this footage, Elon Musk, while filing a reply in court, accused Twitter of committing fraud by hiding serious data security flaws. Additionally, Elon Musk has petitioned the court to have the $44 billion deal between him and Twitter allowed to be voided. Elon Musk responded by adapting to a Twitter whistleblower’s allegations, amending his earlier lawsuit. The CEO of electric vehicle maker Tesla also alleged on Twitter that the company hid from him that it was not complying with a 2011 agreement with the Federal Trade Commission on user data.

The new countersuit, reviewed by Elon Musk, said it goes without saying that the new disclosures make it clear without controversy that Elon Musk has every right to walk away from the deal. In fact, now the Twitter company wants the court to order Elon Musk to buy the company for $54.20 a share. The hearing in the case will begin on October 17. Twitter shares rose 0.6% in Thursday night trading. Twitter said it internally investigated Jatco’s allegations and determined they lacked merit. The company said Zatco was fired for poor performance.

Twitter’s attorneys told the court that the whistleblower’s claims that Musk got involved in their case did not constitute grounds for terminating the agreement or did not meet the fraud standard. Let us tell you that recently Twitter shareholders backed Elon Musk’s deal in a meeting. Elon Musk is trying to get out of this deal.

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FIRST POST: September 16, 2022, 03:11 IST