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TWTR.US
id: 298
On September 13, 2022, Twitter (TWTR) shareholders voted to approve Elon Musk’s $44 billion bid to buy the company.

But Musk has been trying to terminate the deal since July 8, citing concerns about the number of bots and fake accounts that populate Twitter (TWTR). Now, Twitter and Musk are involved in a lawsuit that should determine the future of the deal.

Meanwhile taking into account the facts that have come to light recently, in particular the testimony of the whistleblower about the state of cybersecurity in the Company, there is reason to believe that Musk's claims are justified. A complaint has already been filed against Twitter (TWTR) with the prospect of a class action lawsuit (https://11thestate.com/cases/124), based on the facts that the informer revealed.

If, after the investigations of the SEC and during the trial, the facts referred to by Musk are confirmed, then this will be evidence of violations by the current and former Management and Directors of the Company of their fundamental obligations to their shareholders.
Alleged Offence
Mismanagement
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Investment Bank
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
13 September 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