December 6, 2022
Sci & Tech

Elon Musk decision to cancel the Twitter transaction is being attributed to a whistleblower reward

Elon Musk decision to cancel the Twitter transaction is being attributed to a whistleblower reward

On Friday, Elon Musk added further reasons to his list of reasons for seeking to renegotiate his $44 billion contract to purchase the social networking platform. A severance payment from Twitter to a whistleblower is one of them.

A copy of the letter sent to the Securities and Exchange Commission shows that the business was charged with not informing him about a multi-million dollar redundancy pay payment made in June to exiting security chief Peiter Zatko, who later filed a complaint criticising Twitter’s security practises.

The failure to ask his approval before paying Zatko, in the opinion of Musk’s legal team, offers still additional ground for terminating the April merger deal he signed with Twitter.

Twitter’s lawyer William Savitt said earlier this week that “my buddy seems to be claiming that Twitter should have gratuitously told Musk that there existed a disgruntled former employee who made several complaints that had been looked into and found to be without merit.””That makes no sense at all.”

The claims made by the richest man in the world, Elon Musk, that he was cancelling the agreement because Twitter had deceived him about the number of bot accounts on its network have been refuted by the firm.

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