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Elon Musk's Twitter Files   The Newsy You: News of Today

Started 8/8/22 by WALTER784; 15556 views.
Msg 2 of 165 to WALTER784WALTER784 
In reply toRe: msg 1
Showtalk
Host

From: Showtalk

8/8/22

That is all he asked.

 
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Msg 3 of 165 to Showtalkshowtalk 
In reply toRe: msg 2
WALTER784
Staff

From: WALTER784

8/9/22

Yep, but they lied and failed to disclose the real numbers.

So now, he has two options, go back on his offer because they lied to him about the numbers... legally that would/should be upholdable in court so that he doesn't have to forfeit any monies.

Or, he can go through with the court case and end up in one of two possibilities.

1) Have them publicly come forth and admit the actual number of bots in court... which would be detrimental to their future.

OR

2) Have them privately admit the actual number of bots without disclosing the number to the public and then allowing him to downgrade his purchase amount from $54 per share to $34 per share or some other arbitrary number less than the $54 he initially offered.

Regardless, he gets the last laugh!

FWIW

 
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Msg 4 of 165 to WALTER784WALTER784 
In reply toRe: msg 3
Showtalk
Host

From: Showtalk

8/9/22

They were caught cheating.

 
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Msg 5 of 165 to Showtalkshowtalk 
In reply toRe: msg 4
WALTER784
Staff

From: WALTER784

8/9/22

Yes, and now they're going to pay.

FWIW

 
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Msg 6 of 165 to WALTER784WALTER784 
In reply toRe: msg 3
MakoJo (makojo1)

From: MakoJo (makojo1)

8/9/22

Hi, Walter.

>> Yep, but they lied and failed to disclose the real numbers. <<

And we know that how?  Because Elon Musk said so?

Joe

 
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Msg 7 of 165 to MakoJo (makojo1)makojo1 
In reply toRe: msg 6
Showtalk
Host

From: Showtalk

8/9/22

Various people who study Twitter have said the majority of their activity comes from 20% of their members. I think I have three Twitter accounts, maybe more, and never use any of them. I’m probably typical of a lot of people who tried it and didn’t like or need it. There is a lot of bot activity. If they are charging based in number of active users, then he has the right to see all their numbers or it’s basically fraud. Why won’t they show him if they are legitimate numbers?

 
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Msg 8 of 165 to MakoJo (makojo1)makojo1 
In reply toRe: msg 6
WALTER784
Staff

From: WALTER784

8/9/22

MakoJo (makojo1) said...

>> Yep, but they lied and failed to disclose the real numbers. <<

And we know that how?  Because Elon Musk said so?

Twitter themselves admitted that the numbers they presented Musk with were incorrect and larger than what they had disclosed to him. However, they didn't say what the exact numbers were, but there was speculation that it was much greater than the 15% they disclosed... and could be closer to 50%.

FWIW

 
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Msg 9 of 165 to WALTER784WALTER784 
In reply toRe: msg 8
MakoJo (makojo1)

From: MakoJo (makojo1)

8/9/22

>> Twitter themselves admitted that the numbers they presented Musk with were incorrect and larger than what they had disclosed to him. <<

Hmm.  Interesting.  I didn't know that.

Joe

 
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Msg 10 of 165
In reply toRe: msg 8
WALTER784
Staff

From: WALTER784

9/6/22

HUGE: Former Security Chief at Twitter Alleges Company Endangered National Security Through “Egregious Deficiencies”

By Jim Hoft
Published August 23, 2022 at 8:00am

Twitter’s former security chief Peiter “Mudge” Zatko alleges in a breaking TIME magazine report that Twitter executives endangered national security through “egregious deficiencies” in privacy and security.
 
Zatko, a former hacker, also claims the company systematically misled users, investors, and board members about the deficiencies.
 
Zatko also claims he was fired by CEO Parag Agrawal after Zatko began documenting what he says were repeated security violations,
 
Peiter Zatko reportedly leaked several documents to TIME Magazine for this report.
 
Twitter hired the former hacker back in 2020 to run security at the company.
 
This news comes an inopportune time for the company. Elon Musk currently alleges in his legal dispute with the company that Twitter was not open about the the percentage of spam bots and fake accounts that make up its user base.
 
It appears Elon Musk was correct.
 
TIME Magazine reported:
 
The former official, Peiter “Mudge” Zatko, is a famous hacker and one of the nation’s top cybersecurity experts. He served as Twitter’s security lead from Nov. 2020 to Jan. 2022, when he was fired by CEO Parag Agrawal after Zatko began documenting what he says were repeated security violations, and as he worked with the company’s compliance officer on a formal investigation based on his claims. Zatko submitted his disclosures to U.S. regulatory agencies in July, invoking federal whistleblower protections, and they were shared with members of Congress.
 
In 84 pages of disclosures and supporting documents, which TIME reviewed, Zatko accuses the $33 billion social-media platform’s top executives of violating the Federal Trade Commission Act and Securities and Exchange Commission regulations by misleading users, investors and board members about critical data security and privacy issues. These vulnerabilities led to frequent serious security breaches, exploitation by bad actors, and infiltration by foreign governments, Zatko alleges.
 
The documents shine a light on what Zatko alleges are years of basic security failings at Twitter, which he says make the platform vulnerable to abuse and even total collapse. Notably, the disclosures imply that the problems were allowed to fester under Agrawal, who was the most senior executive in charge of security issues before Zatko arrived. “If these problems are not corrected, regulators, media, and users of the platform will be shocked when they inevitably learn about Twitter’s severe lack of security basics,” Zatko wrote in a Feb. 2022 document cited in the disclosure.
 
The disclosures come just weeks before the first scheduled court date in a legal dispute over the pending sale of the company to billionaire Elon Musk, who is seeking to extricate himself from an agreement to purchase the company. Musk claims Twitter misled him and investors about the percentage of spam bots and fake accounts that make up its user base. According to internal company emails submitted as part of the disclosures, Zatko began documenting Twitter’s alleged wrongdoings months before Musk publicly announced his desire to buy the company. The trial over whether Musk must go through with his initial agreement to buy Twitter is set to start on Oct. 17 in Delaware.

HUGE: Former Security Chief at Twitter Alleges Company Endangered National Security Through "Egregious Deficiencies" (thegatewaypundit.com)

FWIW

 
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