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.
Background
Recently, the trial between Musk and Twitter was expedited against Musk’s wishes and set to begin in October. Musk has been actively trying to get himself out of the deal and in the most recent turn of events, Twitter was ordered to provide more info on its spam bots.
Whistleblower may tilt Twitter feud in Musk’s favor 🐦
