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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.
Failure to Disclose,
Breach of Fiduciary duty,
Shock Event Date
13 September 2022