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Elon Musk about Twitter   The Newsy You: News of Today

Started Aug-8 by WALTER784; 776 views.
In reply toRe: msg 8
WALTER784
Staff

From: WALTER784

Sep-6

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

Showtalk
Host

From: Showtalk

Sep-6

That’s no surprise either.

WALTER784
Staff

From: WALTER784

Sep-17

Elon Musk Scores Win In Court Battle Against Twitter

By Ben Zeisloft
Sep 8, 2022 - DailyWire.com

A judge ruled on Wednesday that Elon Musk can use evidence from a Twitter whistleblower in his legal case against the social media company.
 
Twitter is currently battling Musk in court over his attempt to nix a previous offer to buy the company for $44 billion. Musk claims that the true number of fake accounts on the platform could number as high as 33% rather than the company’s reported 5%, with a lower number of monetizable daily active users potentially justifying a lower valuation. A trial to determine the status of the acquisition deal is scheduled for October 17.
 
Although she did not amend the date of the trial, Delaware Chancery Court Chancellor Kathaleen McCormick granted attorneys representing Musk permission to use the account of former Twitter executive Peiter “Mudge” Zatko — who claimed in a recent whistleblower account that his colleagues did not have the resources or motivation necessary to determine the number of bots on the platform — in their arguments.
 
Twitter reported losses of $0.08 per share in its second-quarter earnings, falling below the $0.14 gain per share expected by analysts. The rough quarter was attributable to “advertising industry headwinds associated with the macroenvironment as well as uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk,” the company said in a press release.
 
Earlier this year, Twitter joined other technology companies in attempting to cut costs by pausing hiring and reducing office space on multiple continents. The company’s stock price has fallen from $64.98 one year ago to $41.22, marking a nearly 37% decline. However, shares rose over 6% following McCormick’s decision to avoid moving the trial.
 
During court procedures on Tuesday, Twitter lawyer William Savitt revealed that Musk had texted Michael Grimes, a managing director at investment bank Morgan Stanley, on May 8 to express fears about the Russian invasion of Ukraine and its potential effects on the global economy. “Let’s slow down just a few days. Putin speech tomorrow is extremely important,” Musk said. “It won’t make sense to buy Twitter if we’re heading into World War III.”
 
The text could potentially place Musk in breach of contract, which requires the buyer to use his best efforts to complete a deal, and could work against his claim that an inaccurate bot count was behind his hesitancy, according to a report from The New York Times’ DealBook.
 
Zatko’s whistleblower report, which was obtained by CNN and The Washington Post, also claimed that Twitter leadership misled board members and government officials about potential vulnerabilities that left the platform open to hacking, foreign manipulation, and spying. He asserted that one or more current employees are working for a foreign intelligence agency.
 
“All engineers had access. There was no logging of who went into the environment or what they did,” Zatko wrote. “Nobody knew where data lived or whether it was critical, and all engineers had some form of critical access to the production environment.”
 
Twitter’s lawsuit against the world’s richest man nevertheless asserts that he is obligated to complete the deal. “Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests,” the lawsuit said. “Musk apparently believes that he … is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away.”

Elon Musk Scores Win In Court Battle Against Twitter | The Daily Wire

FWIW

 

Showtalk
Host

From: Showtalk

Sep-19

They overvalued their company and committed fraud. He should win easily.

WALTER784
Staff

From: WALTER784

Sep-19

Well, he's already won one way or the other.

If he continues with the purchase, he can devalue/dilute his original $44 Billion offer to $25~$30 Billion.

If he dumps his shares and decides not to purchase, they cannot charge him the $1 Billion in their clause due to their fraud and they will probably go under.

And regardless of which way he goes... he's already divested a lot of his monies he had tied up in Tesla and SpaceX shares without causing any kind of commotion by selling those shares, so now he has a lot more money that is not tied up in stocks of his companies that he can do with whatever he wants.

So it's a win-win-win situation for Musk!

FWIW

 

Showtalk
Host

From: Showtalk

Sep-22

I don’t think he intended to ruin Twitter. He just wanted a fair playing field and could afford to do something about it. 

WALTER784
Staff

From: WALTER784

Sep-22

Twitter ruined it for themselves. Musk just wanted to return it to a decent platform again without the censoring!

First with the Twitter censoring (long before Musk's involvement banning Trump, and other GOP members, etc.), then lying to Musk (and the FEC and their advertisers) about the number of bots they had... Twitter did themselves in!

But as I said... Musk comes out smelling like a rose however it goes down. 

FWIW

Showtalk
Host

From: Showtalk

Sep-22

He’s so much smarter than they are.

WALTER784
Staff

From: WALTER784

Oct-28

Elon Musk fires every Twitter exec involved in banning Trump, hiding Biden laptop story

Leftists lose their cool: 'It's like the gates of hell opened'

By Bob Unruh
Published October 27, 2022 at 10:22pm

Leftists and other progressives have lost their cool on the completion of Elon Musk's takeover of Twitter.
 
"It's like the gates of hell opened on this site tonight," claimed tech columnist Taylor Lorenz on social media.
 
Fox News reported Musk, the noted billionaire of SpaceX and Tesla fame, immediately fired several top executives, including CEO Parag Agrawal, CFO Ned Segal and Vijaya Gadde, the chief of legal policy, trust and safety.
 
Musk accused them of misleading him – and other investors – over the number of fake accounts on the platform, Fox reported a source confirmed.
 
Fox reported, "Co-Host of Breaking Points Saagar Enjeti posted emoji hands waving 'bye' while retweeting a post of his from April where he had written that, 'Vijaya Gadde, the top censorship advocate at Twitter who famously gaslit the world on Joe Rogan's podcast and censored the Hunter Biden laptop story, is very upset about the @elonmusk takeover.'"
 
Reports were that President Trump, who was permanently banned by the company over his concerns about the integrity of the 2020 election, would be allowed to return, if he chose.
 
His concerns actually now have been documented. At least two factors are considered by polling and analysts to have likely taken away his election victory and given it to Joe Biden. Those would be Mark Zuckerberg's $400 million plus passed through foundations to local elections officials who often used it to recruit voters in Democrat districts.
 
The second is the FBI's interference in the election. The bureau lobbied social media companies to suppress accurate, but very damaging, information about the Biden family just days before the election.
 
Additionally, many states and jurisdictions simply ignored their own state laws on mail-in ballots and such.
 
The focal point of the fight over Twitter has been the company's previous insistence on censoring messages it, or the Biden administration, disliked.
 
Musk has talked about returning free speech to the site, calling for a high-tech community forum where topics can be discussed.
 
Critics of Musk and his free speech plans were immediately obvious. "Uproxx writer Mike Redmond wrote, 'I don't think any of us are prepared for how quickly this whole site is about to go down. It's a miracle flames aren't shooting out of it already,'" Fox reported.
 
And writer Dylan Reeve claimed, "Yay, manbaby with poor impulse control and edgelord tendencies has the helm. Sweet."
 
Ben Collins, identified by Fox as NBC News "disinformation" reporter, claimed, "I would be so happy if I’m wrong. But the [sic] all the red lights are flashing here."
 
Fox reported, "Disgraced CBS anchor Dan Rather used famous lyrics by punk band The Clash to express wariness about Twitter's future as a platform, writing, 'With this Twitter thing maybe changing considerably. a question I am asking: Should I stay or should I go now? If I go, there will be trouble And if I stay it will be double So come on and let me know Should I stay or should I go?'"
 
On the platform, "LibsofTikTok appeared to joke that now the tables have turned, and Musk is the one who can hold left-wing accounts for misinformation, or in this case, failing to update their bios quickly enough," Fox explained.
 
"Hey @elonmusk, Parag is spreading misinformation in his Twitter bio and pretending he’s the CEO of your company," the account tweeted.
 
George Washington University law professor and constitutional expert Jonathan Turley said, "As expected, this morning media figures are in full panic at the thought that one social media platform may restore free speech protections after years of biased and aggressive censorship."
 
FROM THE WEBBY ZERGNET
 
He wrote, "Agrawal and Gadde personified the censorship culture at Twitter, figures who were unabashedly opposed to traditional views of free speech and viewpoint diversity. Not long after
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Showtalk
Host

From: Showtalk

Oct-28

They will be hired by Facebook.  Trump should not go back. He has his own platform to support now.

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