Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
TWTR.US
id: 212
On August 29, 2022, Reuters reported that "Elon Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint from former security head of the social media firm as another reason to scrap the $44 billion deal.
Last week, Peiter Zatko, a famed hacker known as "Mudge", said in his complaint that Twitter prioritized user growth over reducing spam and falsely claimed it had a solid security plan.
If the allegation are true, then Twitter has breached some of the provisions of the merger agreement, Musk and his legal team said in a letter dated Aug. 29."
Twitter responded that in its regulatory filing the fresh termination notice was invalid and wrongful under the deal terms.
Indeed, taking into account that any violations alleged by the whistleblower were not investigated and proved yet, Musk had no right to manipulate this allegation and he just damaged current investors of Twitter.
Alleged Offence
Price manipulation
Malpractice
Negligence
Suspected Party
Shareholder
Influencer
Security Type
Stocks
Trade Direction
Long
Shock Event Date
29 August 2022
Collecting participants…

Twitter Inc

Twitter, Inc. operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute,...

    Ticker
    TWTR.US
    ISIN
    US90184L1026
    CIK
    1418091
    Sector
    Communication Services
    Industry
    Internet Content & Information
    Country
    USA
    Address
    1355 Market Street, San Francisco, CA, United States, 94103