Twitter Stock Slips After Hitting Back At Musk Termination Letter

Twitter (TWTR) shares went lower Tuesday as it traded jabs with Elon Musk amid the Tesla (TSLA) The CEO’s bid to scrap his $44 billion takeover of the social media group.

Musk delivered a new “dismissal notice” to Twitter late Monday following his subpoena from the group’s former chief of security, Peiter Zatko, after he made allegations last week of insufficient oversight and a profit focus that allowed spam accounts to spread on the microwave. . blogging platform.

Zatko said the group was making false claims about its online defense and prioritizing user growth over spam reduction in documents made available to Congress last week. Zatko, who is also known in the hacking community as “Mudge,” provided details of his allegations for the first time last month to the US Securities and Exchange Commission, the Department of Justice and the Federal Trade Commission.

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