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It is clear that Elon Musk no longer wants to continue with the acquisition of Twitter, or at least not on the terms originally put forward. Businessman’s lawyers sent a letter Twitter in which he insists on termination of the agreement and refers to recent statements informant Peter Zatko, former head of social media security.
Document also received US Securities and Exchange Commission., supports it Twitter would violate several terms of the agreement to merge the two companies of Elon Musk and the social platform if Zatko’s allegations were true.
Legal groups Musk D Twitter They will face each other in court starting October 17 in Delaware.
Musk Sued Zatko via Twitter
After Piter “Mudge” Zatko’s explosive statements about security issues on Twitter, in which he highlighted the system’s disinterest in identifying the real number of bots and spam accounts, Elon Musk decided to put him on a long list of subpoenas that seek to disable the agreement.
More than 100 subpoenas have been sent to Silicon Valley entrepreneurs and former Twitter executives, according to The New York Times. In addition to Jack Dorsey, former CEO and co-founder of the Trine Network, Larry Ellison of Oracle, investor David Sachs and various representatives of Goldman Sachs, Morgan Stanley, Salesforce, Mastercard and others were considered in court.
The quotes also reach Musk’s own entourage, such as Antonio Gracias — a former member of the SpaceX board of directors — and chief executive Christina Salen.
Possible patent infringement on Twitter
Part of the document states that Twitter would have infringed intellectual property rights regarding machine learning systems on the platform, which is one of the points cited by Zatko in his complaint.
“As Zatko’s complaint revealed, Twitter apparently never acquired the rights to Twitter’s underlying machine learning models, which Musk believes are fundamental to the Twitter platform itself. This breach threatens not only significant monetary damages, but also the possibility of an injunction that could jeopardize Twitter’s current business as it stands.” Musk’s legal team notes.
That being said, Musk’s argument for terminating the agreement moves from a simple focus on bots and spam to something more specific: corporate security lapses, personal data and intellectual property violations. However, all this is backed up by a small balance: Zatko’s performances, the very ones that have not yet been proven.
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.