Posted on 08/23/2022 7:40:51 AM PDT by servo1969
New York (CNN Business)Elon Musk's monthslong effort to buy — and then to get out of buying — Twitter has been marked by a range of unexpected twists. Now, a stunning whistleblower disclosure from the company's former security lead Peiter Zatko is almost certain to become the latest complication.
As part of a wide-ranging, nearly 200-page disclosure sent last month to US lawmakers and regulators, which was exclusively reported by CNN and the Washington Post Tuesday, Zatko alleges that Twitter (TWTR) has neither the incentive nor the resources to properly measure the full scope of bots on its platform. He also alleges that Twitter suffers from a range of other security vulnerabilities that it has for years failed to fix. (Twitter has broadly defended itself and criticized Zatko's allegations as "riddled with inconsistencies and inaccuracies.")
(snip)
"For years, across many public statements and [SEC] filings, Twitter has made material misrepresentations and omissions ... regarding security, privacy and integrity," Zatko's disclosure states. "Twitter's misrepresentations are especially impactful, given that they are directly at issue in Elon Musk's contemplated takeover of the company."
Zatko, better known as "Mudge," is a prominent ethical hacker-turned-cybersecurity executive whose career also included stops at Google and the Department of Defense. He was hired as Twitter's security lead following a major hack at the company in 2020 and fired in January of this year, a move he claims came after he tried to blow the whistle internally about security deficiencies and alleged possible fraud by the company's senior leaders.
His disclosure paints a picture of a company rife with security vulnerabilities that threaten user data and the platform's functionality, and which he says could put US national security at risk.
(Excerpt) Read more at cnn.com ...
Some say Musk never intended to buy Twitter - just use the exercise and publicity to expose them
We’ll see how deep the SEC is immersed in the swamp, but having already targeted big tech, this could be significant.
More proof that Twitter is a government op, LOL!
The SEC filings are where the danger lies for Jack Dorsey and others.
Twitter is just one of many social media organizations that manipulate and censor the truth.
No matter what you think of Musk he exposed the game and I don’t think he will lose his case in court.
Alphabet (Google), Yahoo, and others also seek to influence users covertly but twitter is unique in that the valuation of the company is based on “customer base” or “clicks” and in their effort to influence people they inadvertently went down a fraudulent path.
It’s a perfect example of what we face today in our nation... the left believes any kind of fraud is permissible to achieve their religious salvation.
Perhaps-—But Musk is crazy like a fox.
Musk is close friends with Jack Dorsey, who no doubt knew where Twitter’s bodies were buried.
Allegation that some employees may be foreign agents. Think the FBI will investigate? Nahhh, they got over their whole anti-Communist kick decades ago. They’re the Communists, and they’re coming for free Americans. Who cares about Communist foreign agents in Twitter?
Tim Pool’s opinions are shaped by monetization. Being a lefty wasn’t paying the rent.
But no falsehoods or fabrications?
One man's misrepresentation is another man's interpretation.
I forget when it was but sometime after TWTR went public at an ‘insane’ (to me) IPO price, one of the financial shows had the pertinent query; “How can they monetize this?” Here is at least part of the answer, allow these fakes to proliferate! No need to create, just make little effort to restrict.
Now they are put into a twitter (can’t resist) by Elon Musk’s perfectly legit takeover offer. He is, as anyone would, using their LEGAL, FIDUCIARY filings as the basis for his bid. When the bid was accepted by the Board of Directors, he had every right of internal discovery because HE WOULD BECOME RESPONSIBLE for the same SEC reports upon sale completion.
I knew this was a Sword of Damocles for Twitter when Musk made clear mention of how few TWTR shares were owned by the (well compensated) Board of Directors.
how about a charlatan, rogue, scamp
or scoundrel, or an outright mountebank?
“Tim Pool’s opinions are shaped by monetization. Being a lefty wasn’t paying the rent.”
A lesson, like getting mugged, occasionally converts a leftist...
Trump was right about Elon.
Inadvertently? Maybe.
Maybe not.
50 cents on the dollar, that’s what Musk will end up paying in the greatest takeover deal in history.
This man is obviously a contemptable scalawag.
I think this guy has a rumble account and you like everyone to youtube? Part of the problem.
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