Jessica Melogen of the Competitive Enterprise Institute explains the security concerns associated with large social media companies such as Twitter, TikTok and Meta
Elon Musk’s legal team The counterclaim against Twitter was amended Thursday to include allegations by Social media giant Former security chief Peter “Mudge” Zatko.
Mask’s counterclaim claims that Twitter broke its commitments under its $44 billion takeover agreement by misrepresenting the total number of fake and random accounts on its platform. Twitter confirmed that fake and spam accounts make up less than 5% of its users.
“Needless to say, the latest findings make it undeniably clear that the Musk parties have the full right to withdraw from the merger agreement – for numerous and independently sufficient reasons,” the lawsuit reads.
Twitter whistleblower Peter Zatko testifies before a Senate hearing on data security at risk, Tuesday, September 13, 2022, in Washington, DC. (AP Photo/Jacquelyn Martin/AP Newsroom)
Zatko filed an 84-page whistleblower complaint with Congress, the US Securities and Exchange Commission, the Federal Trade Commission and the Department of Justice in July, accusing Twitter of crimes. “Fatal and Fatal Deficiencies” in Cyber Security. witnessed before Senate Judiciary Committee This week, the Government of India named an agent on Twitter and that he was informed that there was “at least one agent” from the Chinese government’s intelligence service who was “on the payroll”.
In addition to Twitter’s security flaws, Zatko claimed in the complaint that Twitter executives “were not incentivized to accurately ‘disclose’ or report total spam bots on the platform.” Instead, they are allegedly motivated to increase the number of monetized daily active users (mDAU) for the company with rewards that can exceed $10 million. He also claims that Twitter does not have the resources to fully understand the true number of bots on the platform.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| TWTR | Twitter you. | 41.40 | -0.74 | -1.76% |
Twitter shareholders vote to buy Elon Musk for $44 billion
“In the face of Zatko’s devastating analysis, Twitter did exactly what it did with Elon Musk when it began asking questions about false accounts, spam, and MDAU: ignored, hid the problems, and attacked the messenger,”.
As for Musk, Twitter denied his requests for information, violating his rights under the merger agreement, and then launched this unwarranted lawsuit after he justifiably terminated the deal. The two episodes reveal how broad and illegal Twitter will go to avoid revealing the true state of the company. Its “key” financial metrics, security infrastructure, intellectual property infringement, and legal compliance — the public.”
In short, Musk Party and several other Twitter investors sold a different company than the Twitter already in place—one that was more valuable, more popular, more secure, and more compliant with governing law,” the lawsuit adds.
Musk said Twitter refuses to explain how the bots are calculated, calling it “extremely suspicious.” (Getty Images | iStock)
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The amended lawsuit comes as Twitter prepares to sue Musk in court in a five-day legal trial set to begin on October 17. In addition to the counterclaim, Musk filed three separate termination notices in an effort to walk away from the deal. , which Twitter described as “invalid and illegal”.
“Mr. Musk’s allegations are factually inaccurate, legally insufficient and commercially irrelevant,” a Twitter spokesperson told FOX Business on Friday. “We look forward to the trial in Delaware Chancery Court.”
Twitter shareholders on Wednesday voted to approve Musk’s acquisition.
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