Elon Musk allegedly said that he is no longer interested in purchasing Twitter because he believes that world war 3 is on the horizon. Just two weeks after committing to the $44 billion deal, Elon Musk reportedly sent an SMS to his banker at Morgan Stanley asking him to keep onto the plans to acquire Twitter. Let’s calm down for a few days, Musk said in an SMS to Michael Grimes, head of global technology investment banking at Morgan Stanley.
Tomorrow’s speech by Putin is quite significant. If there is a third world war on the horizon, purchasing Twitter won’t make sense. The date of this communication is May 8, 2022. Elon Musk has sent Twitter, which is run by Parag Agrawal, a third notice with the intention of canceling the $44 billion buyout agreement.
Peiter “Mudge” Zatko, a former security head and whistleblower, received a multi-million dollar severance package from Twitter, according to the most recent letter Musk’s legal team filed with the US Securities and Exchange Commission.
The warning was sent to Vijaya Gadde, Twitter’s top legal officer, according to The Verge. According to the notification, Twitter and Peiter Zatko “agreed into a separation agreement on June 28, 2022, according to which Twitter provided severance payments to Zatko and his counsel totaling $7.75 million.”
This was another justification given by Musk’s attorneys for ending the agreement. The Twitter trial is scheduled to begin on October 17, but the Tesla CEO is attempting to buy extra time from the judge by referencing Zatko’s anticipated testimony.
A revised schedule put out by Musk’s legal team would postpone the week-long trial until late November. On September 13, Zatko is scheduled to appear before the US Congress on accusations he made against the microblogging service. According to the former director of Twitter security, the company deceived authorities about its security procedures and the real number of bot accounts.
As part of the continuing legal dispute between Twitter and Musk, Zatko was also served with a subpoena by Musk’s legal team requiring him to show up for a deposition on September 9. According to Musk, the evidence of a Twitter leaker explains his decision to renegotiate the $44 billion purchase agreement for the microblogging service.
Source: IANS, The Verge