Another major controversy erupted around Twitter after a whistleblower revealed that the social media giant had lied to regulators about spam accounts. Elon Musk had charged Twitter with withholding material information about the $44 billion transaction.
Peiter Zatko, Twitter’s former security chief, reportedly told Reuters that the company allegedly fabricated its hackers and spam accounts’ data. He claimed that Twitter management lacked the tools necessary to determine the precise amount of bots present across the various networks. He emphasizes that they take too long to obtain the information.
The Securities and Exchange Commission (SEC), the Department of Justice, and the Federal Trade Commission all received Zatko’s complaint last month.
According to the report, the former security chief for Twitter declined to react when asked for comment. elon musk
elon musk founder, ceo at tesla, spacex Elon Musk was an enthusiastic cryptocurrency believer, quivering the crypto world through his sparkling tweets. He has a complex relationship with cryptocurrencies. His tweets solely are responsible for the crypto volatility. Musk splendidly purchased $1.5 billion in the king of cryptocurrency. He was born on June 28, 1971, and is based in Pretoria, South Africa. His mother is Maye musk and his father is Errol musk, he is a South African electromechanical engineer, pilot, sailor, consultant, and property developer.
He graduated from the University of Pennsylvania, earning a bachelor’s degree in Arts and physics, and the Wharton School, earning a bachelor’s degree in science, and economics. Musk was honored by Axel Springer Award, an annual award given to remarkable personalities who are extremely innovative, build new markets and change markets, shape culture, and confront their social responsibility.
In 1995, Elon Musk and Greg Kouri founded a web software company called ZIP2. The company developed and marketed an Internet city guide for the newspaper publishing industry, with maps, directions, and yellow pages.X.com and PayPal: in 1999, he co-founded X.com which is an online financial service and email payment company. Space X: on 14, March 2002 he founded space x company which provides space transportation services.
On July 1, 2003, he founded TESLA. Tesla is an electrical vehicle and clean energy company which designs and manufactures electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and so on. His other activities involve SolarCity and Tesla Energy, Neuralink, the boring company, Managerial style and treatment of employee Hyperloop, openAI music, and ventures. Etc. he made $165 by selling PayPal to eBay. And was first listed on the Forbes Billionaires List in 2002, with a total net worth of $2 Billion. [email protected] EntrepreneurInvestorChief Executive Officer Followers : 0 View profile , the CEO of tesla tesla Automobile Followers : 0 View profile , and the social media giant are already engaged in court proceedings.
The world’s richest person denied pursuing the Twitter accusation. Musk said that the social media behemoth was concealing important information in violation of the agreement. He said Twitter didn’t disclose how they determine the percentage of bots using the service. The trial, though, is set for October 17, 2022.
Is the timing right for Twitter?
Prior to this, Twitter reported a reduction in revenue due to the legal dispute with Musk. Even the CEO of Tesla was accused by the social media firm of their defeat. In 2022, its revenue fell from $1.19 billion to $1.18 billion. Additionally, the corporation fell short of the $1.32 billion average analyst projection. While it reported a $270 million loss.
Zatko, also known as its hacker alias “Mudge,” announced in January that he no longer serves as the position’s head of security. However, the business stated that he was let go due to his subpar performance. Musk raised concerns about Twitter’s security at the same time Zatko’s most recent claim caught everyone’s attention.