Twitter shares are less than one percent, well below Musk’s offer price.
Entrepreneur Elon Musk has said he has no intention of buying Twitter as former security chief Peter Zatko has raised hacker protection vulnerabilities and the platform’s privacy concerns. Bloomberg reported this.
He also raised the issue of serious shortcomings in the social network’s work with users’ personal data, including the use of outdated software. At the same time, Zatko said that company executives hid information about breaches and lack of protection of user data.
In this regard, Twitter denies the words of the former employee, and says that it has not violated any of its obligations, and intends to ensure the execution of the transaction and close it at an agreed price and on agreed terms. However, Musk’s lawyers still decided to use the words of the former head of security and abandon the purchase.
At the same time, the billionaire intends to postpone the hearing from October 17 to early December.
It was previously reported that SpaceX intends to conduct 100 launches of its spacecraft into low Earth orbit by 2023.
Elon Musk warns about the impending end of the world
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.