Four former top executives at Twitter have filed a lawsuit against Elon Musk, accusing the new owner of the social media platform of wrongfully denying them over $128 million in severance pay after he fired them. The executives include the former CEO, CFO, General Counsel, and infamous censorship queen Vijaya Gadde.
A judge has ruled that Elon Musk’s X Corp., formerly Twitter, must pay $1.1 million for the legal fees of its former executives.
According to a recent report from the Information, Tesla CEO and Twitter’s new owner Elon Musk recently fired top executives including CEO Parag Agrawal and censorship queen Vijaya Gadde “for cause” to avoid paying out millions in severance packages, commonly referred to as “golden parachutes.”
Elon Musk officially became Twitter’s owner late on Thursday as his $44 billion deal to take over the firm closed. Musk promptly fired top executives at the company, including CEO Parag Agrawal, CEO Ned Segal, and Vijaya Gadde, the “trust and safety” lead notorious for her fanatical left-wing censorship campaign.
According to a recent report, Tesla CEO Elon Musk and social media platform Twitter are clashing over the terms of the agreement to finalize Musk’s purchase of the company.
More details of Elon Musk’s reversal on his decision to go to trial against Twitter in Delaware Chancery Court to avoid buying the company have emerged. In a letter sent to the company, Musk’s lawyers indicate he will buy the social media company at the original price of $54.20 a share if his debt financing comes through and if the court enters an immediate stay of the lawsuit against him.
The CEO of Twitter, Parag Agrawal, was deposed today as part of the company’s lawsuit to force SpaceX and Tesla CEO Elon Musk to honor his agreement to purchase the social media company for $44 billion. Musk will be deposed himself on Tuesday.
A member of China’s intelligence service, the Ministry of State Security (MSS), was on the payroll at Twitter, according to testimony from a whistleblower appearing before Congress today. The whistleblower also testified that the company didn’t care about having foreign spies working within its walls, with one executive telling him, “Well, since we already have one, what does it matter if we have more?”
Elon Musk’s lawyers have sent a third termination notice to Twitter to end his $44 billion acquisition deal with the company, this time objecting to Twitter paying a severance package to its former security head Peiter “Mudge” Zatko in June. Zatko recently came out with an explosive whistleblower against the complaint alleging terrible security practices and not paying serious attention to the problem of bots and other fake accounts.
Twitter reportedly agreed in June to pay roughly $7 million to the whistleblower whose recent explosive allegations will be part of Tesla CEO Elon Musk’s case against the social media company in the upcoming trial over Musk’s withdrawn deal to buy the leftist social media company.
Former Disney CEO Bob Iger recently explained why the entertainment giant abandoned plans to buy Twitter in 2016, noting that a “substantial number” of the platform’s users are bots and fake accounts.
Twitter reportedly considered allowing porn stars to monetize their adult content via an OnlyFans-style subscription feature, but the plans were quickly shelved after internal teams found that the company is unable to effectively police child sexual abuse material (CSAM) already on its platform.
Elon Musk’s lawyers have sent a second deal termination to Twitter citing the damning allegations made by a whistleblower as reasoning for pulling out of the $44 billion acquisition deal Musk first moved to cancel in July.
Recent claims made in a whistleblower complaint by Twitter’s former security chief could play a key role in the ongoing legal battle between Tesla CEO Elon Musk and the social media platform.
Recently, former Twitter security chief Peiter ‘Mudge’ Zatko has come forward with a shocking whistleblower complaint alleging that the company purposefully misled regulators about poor security and spam. Here are his key claims.
As Elon Musk continues his ongoing legal battle with Twitter over his decision to back out of his $44 billion acquisition of the company, Musk’s legal team has submitted a subpoena for evidence from former Twitter CEO Jack Dorsey.
Former Twitter security chief Peiter ‘Mudge’ Zatko has come forward with a shocking whistleblower complaint alleging that the company purposefully misled regulators about poor security and spam. In the complaint filed with the SEC, DOJ, and FTC, Zatko contends that the company lacks basic security practices and prioritizes user growth above all else, claiming CEO Parag Agrawal is “lying” when claims to fight spam.
Twitter recently confirmed that a vulnerability in its code led to the exposure of data of anonymous users on the platform. Private user data on more than 5.4 million accounts was accessed before the company patched the bug that let malicious actors into the system.
Twitter is struggling as a company due to falling morale, staff departures, and reduced spending by advertisers as the ongoing Elon Musk acquisition trial continues, according to multiple current and former employees. One former executive called the company “rudderless,” with a current employee remarked, “Everyone’s given up on leadership.”
Far-left social networking platform Twitter is letting 30 percent of its recruiting staff go, amid widespread layoffs throughout the tech sector, as well as the potential of Elon Musk taking over the company.
Far-left social networking platform Twitter has restored the account of science journalist Alex Berenson as it moves to settle a lawsuit brought by the prominent skeptic of coronavirus policies.
An advertisement posted to Twitter by the team behind Minds.com, a free speech-friendly social network, has been blackballed by the platform. Minds CEO Bill Ottman says that the ad was labeled “inappropriate,” adding, “this is what we expect from Twitter so it’s nothing new, it’s just a very funny and over-the-top case.”
James O’Keefe’s investigative journalism group Project Veritas has leaked a recording of Tesla CEO Elon Musk’s all-hands meeting with Twitter employees. Pressed by employees on free speech, Musk answered, “I think there’s also, there’s freedom of speech and freedom of reach, so I think people should be allowed to say…pretty outrageous things that are within the balance, the law, but, but then they don’t, you know, get amplified.”
Tesla and SpaceX CEO Elon Musk is set to address Twitter employees at an all-hands meeting on Thursday. Musk’s contentious potential buyout of the social media platform has caused plunging employee morale, with one survey finding 78 percent of employees do not believe he has the company and its shareholders’ best interests at heart.
Twitter reportedly plans to hold a shareholder vote on Elon Musk’s potential buyout of the company in late July or early August.
Texas Attorney General Ken Paxton launched an investigation of Twitter on Monday over allegations that the company has misrepresented the number of bots on its platform, a claim that if true, would have harmed consumers and businesses that use Twitter.
A recent report claims that Twitter employees are currently facing internal turmoil amidst the ongoing potential buyout by Elon Musk, a change in leadership, a hiring freeze, and an internal reshuffle.
Social media giant Twitter has agreed to pay $150 million in civil penalties to settle a complaint that the site profited from deceptively collecting user data for six years. Twitter used phone numbers and email addresses it told users it was collecting for account security purposes to sell targeted ads.
Tesla and SpaceX CEO Elon Musk suggested recently that his $44 billion Twitter buyout offer may be cut in proportion to the real number of bots on the platform. Musk continues to express doubt about the platform’s outlandish claims of bots making up only five percent of its userbase.
Two Twitter leaders are leaving the company after Tesla CEO Elon Musk’s successful bid to buy the social media platform. A memo obtained by the New York Times also indicates that the company is establishing a hiring freeze and cutting back on spending after poor performance in recent quarters.
Ireland’s President Michael D Higgins has suggested that Elon Musk loosening speech restrictions on Twitter would be “incredible and dangerous narcissism”.
Recent reports state that Tesla CEO Elon Musk is expected to serve as temporary CEO of Twitter following his $44 billion takeover of the social media firm.
Twitter’s board of directors is deploying defensive measures to prevent Elon Musk, the world’s richest man and a declared free speech absolutist, from taking over the company.
Twitter CEO Parag Agrawal reportedly held an all-staff meeting on Thursday to assuage employees’ fears following Elon Musk’s $43 billion offer to purchase Twitter. After one frantic employee compared the company’s position to a hostage situation, Agrawal reportedly said, “I don’t believe we are being held hostage.”
Elon Musk has made a public offer to buy 100 percent of Twitter stock and transform it into a public company, in what the billionaire SpaceX and Tesla CEO says will unlock the company’s potential to be “the platform for free speech around the globe.”
According to a recent report, Twitter employees were scheduled to take Monday off work this week for the company’s monthly “day of rest,” but the recent controversy over Elon Musk becoming the company’s largest shareholder and almost joining the board of directors left many workers “super stressed.”
Conservative pundit Jack Posobiec was briefly suspended by Twitter over the weekend after sharing a link to buy T-shirts identifying Disney as “groomers,” due to the woke entertainment giant’s opposition to Florida’s bill protecting kids from sexual predators and groomers in the education system.
Juanita Broaddrick, the former nursing administrator who accused former President Bill Clinton of rape, has been banned from Twitter after tweeting about the effectiveness of coronavirus vaccines. Although Elon Musk has made news by becoming Twitter’s largest shareholder, it is clear that censorship still runs amok on the platform.
Tech billionaire Elon Musk has reportedly decided not to join Twitter’s board of directors after becoming the company’s largest shareholder.
Tesla CEO Elon Musk is set to address panicked Twitter employees following his purchase of a large portion of Twitter stock and appointment to the censor-happy company’s board of directors. One employee of the far-left company asked on an internal message board: “We know that he has caused harm to workers, the trans community, women, and others with less power in the world,” the employee asked. “How are we going to reconcile this decision with our values? Does innovation trump humanity?”
