Twitter: Shareholders vote on Elon Musk’s proposed takeover (pending)

They approved 98.6% of the proposed takeover of the platform by Elon Musk, despite the billionaire’s stated desire not to honor the agreement he made.

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Published on 14.09.2022 06:31

Updated on 14.09.2022 08:07

Reading time : 1 minute.

They are always for. Twitter shareholders approved on Tuesday, September 13, an agreement to buy the platform by Elon Musk. The vote, which was 98.6% in favor of the deal, strengthens the social network’s position a month before the opening of a lawsuit against Musk to force him to fulfill his obligation. In early July, the Tesla and SpaceX boss abruptly halted a $44 billion buyout of the platform.

But the election is little consolation for Twitter, which has been publicly criticized by a former senior official. Peter Zatko, the social network’s former head of security fired in January, detailed on Tuesday his report to US authorities about the serious security breaches. “Twitter leadership is cheating elected officials, regulators, and even its own board of directors,” he bluntly told US senators.

“They don’t know what data they have, where it is, where it comes from, and obviously they can’t protect it.”

Peter Zatko, former head of Twitter security

while listening

At the end of August, the publication in the press of the report of a whistleblower, highly respected in the cybersecurity community, had the effect of an exploding bomb. Twitter dismissed these accusations as unfounded, but they came in very handy for Elon Musk. Whoever once wanted to make the platform a public square “essential to democracy” believes the San Francisco-based company lied to him about the proportion of automated accounts and spam among its users. In his opinion, this will significantly exceed the 5% assumed by Twitter management.

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