"Twitter has hidden negligent security practices, misled federal regulators about its safety, and failed to properly estimate the number of bots on its platform, according to testimony from the company’s former head of security, the legendary hacker-turned-cybersecurity-expert Peiter “Mudge” Zatko."
"Zatko was fired by Twitter in January and claims that this was retaliation for his refusal to stay quiet about the company’s vulnerabilities. Last month, he filed a complaint with the Securities and Exchange Commission (SEC) that accuses Twitter of deceiving shareholders and violating an agreement it made with the Federal Trade Commission (FTC) to uphold certain security standards. His complaints, totaling more than 200 pages, were obtained by CNN and The Washington Post and published in redacted form this morning."
What a bombshell! Maybe Elon Musk's complaints about Twitter have more merit than anyone expected.
What might the SEC and shareholders do in response?
"Zatko was fired by Twitter in January and claims that this was retaliation for his refusal to stay quiet about the company’s vulnerabilities. Last month, he filed a complaint with the Securities and Exchange Commission (SEC) that accuses Twitter of deceiving shareholders and violating an agreement it made with the Federal Trade Commission (FTC) to uphold certain security standards. His complaints, totaling more than 200 pages, were obtained by CNN and The Washington Post and published in redacted form this morning."
What a bombshell! Maybe Elon Musk's complaints about Twitter have more merit than anyone expected.
What might the SEC and shareholders do in response?