New Delhi: The company’s shareholders have approved the deal amid deepening controversies between the legendary social media company Twitter and the world’s richest man Elon Musk. In the voting held on September 13, most of the shareholders voted in favor of the deal.
According to Moneycontrol, in April this year, Elon Musk made a bid to buy Twitter for $44 billion at a price of $54.20 per share. However, before it took off, Musk canceled the deal in July raising the issue of spam accounts. The matter has reached the court regarding this, on which the trial will also start next month. Meanwhile, Twitter got its shareholders voting on the deal, in which most have approved it.
The court trial will start on October 17
This seal has come from the shareholders at a time when the court trial between Twitter and Elon Musk is about to start on October 17. In this, it will be decided whether this $ 44 billion deal will go ahead or not. The San Francisco-based company has pulled Musk to court alleging breach of agreement, while Musk has accused the company of not providing accurate information about the spam account prior to the deal.
Last week, before starting the trial, the judge allowed Musk to also include in the hearing the claims of Twitter whistleblower Peter Jako. However, Musk’s appeal was rejected in which he had called for a late start of the hearing.
What are the charges of the whistleblower?
Twitter’s former security chief Peter Jako alleged that the company did not pay special attention to the control of spam bots. For this reason, there was a flood of fake accounts on its portal. This is also being said to be the biggest reason behind Musk’s withdrawal from the deal. Jako had said that the company is not taking special steps regarding cyber defense and the risk on the privacy of users has also increased.
The company was accused of misleading
Jako once again made serious allegations on Twitter, appearing before the US Senate Judiciary Committee on September 13. He said I have come here because Twitter leadership has misled the public, legal agencies, regulators, and also the board of directors of the company. The company did not know where the data was coming from and what was its source. How to protect it. It is believed that the whistleblower’s statements can turn the court trial in Musk’s favor.
