Elon Musk Twitter
in

US Judge denies Elon Musk request to delay Twitter trial: Twitter stock spikes

Following the judge’s denial of Elon Musk’s plea to postpone his Twitter trial, Twitter shares increased.

However, the court decided on Wednesday that Elon Musk won’t be allowed to postpone a crucial October Twitter trial over the disagreement. Musk will be able to present new information from a Twitter whistleblower in his attempt to back out of his $44 billion bid to purchase the social media platform. Musk asked for the trial to be postponed by four weeks, but Chancellor Kathaleen St. Jude McCormick, the chief judge of Delaware’s Court of Chancery, refused.

She did, however, let Peiter Zatko, a former Twitter security head who will testify before Congress next week about the company’s lax cybersecurity procedures, add proof to his whistleblower claims. Zatko is a millionaire CEO of Tesla. Twitter has filed a lawsuit against Musk, requesting that a Delaware court compel him to carry out the agreement he reached in April to acquire the business.

The week of October 17 will see the commencement of the trial after Musk filed a countersuit. According to Musk’s legal team, the assertions made by Zatko to American authorities may support Musk’s accusations that Twitter deceived him and the public about the issue with bogus and “spam” accounts the firm was having.

Twitter Battle
Elon Musk v/s Twitter

According to Zatko, a well-known cybersecurity expert who goes by the hacker moniker “Mudge,” he was let go in January after raising red flags about Twitter’s carelessness with its users’ security and privacy. Following the Delaware judge’s denial of billionaire Elon Musk’s plea to postpone a trial related to his proposed acquisition of Twitter, Twitter’s stock price increased 4.2% on Wednesday.

Source: AP, Reuters

What do you think?

Written by Alex Bruno

Freelance space writer Alex Bruno specializes in covering China's quickly expanding space industry. In 2021, he started writing for SpaceXMania. He also contributes to publications including SpaceNews, IEEE Spectrum, National Geographic, Sky & Telescope, and New Scientist. When Alex was a small child, he first experienced the space bug after seeing Voyager photographs of alien planets in our solar system. When not in space, Alex likes to go trail jogging in the Finnish countryside.

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings