The Clap A former head of security employee at Twitter (NYSE: TWTR) may have tilted the conflict between Musk and Twitter in Musk’s favor, as the ex-employee claims that the platform’s defense against hackers and privacy issues is shocking.
The Deets Musk’s lawyers claim that these allegations made by the ex-employee breach the terms of the merger agreement.
Twitter responded right back with a filing that the case for termination is still invalid. The company argues that the claims made by their ex-employee are inconsistent and inaccurate.
Why this Matters Twitter is trying to enforce the deal on the price that was previously agreed on. The company’s stock price is currently at $39.72, lower than Musk’s offer of $54.20 per share.