Twitter stock falls in premarket trading as legal disputes continue


A Twitter leaker is scheduled to testify before Congress about allegations of insufficient security in events that will likely play out on the Twitter stock.

Twitter (NYSE:TWTR)

The former Twitter (NYSE:TWTR) executive turned whistleblower, Peiter “Mudge” Zatko, is scheduled to appear before Congress on Tuesday over his allegations that the firm had a variety of security issues.

According to Reuters, Zatko will likely face questions from the Senate Judiciary Committee over his claim that Twitter (TWTR) deceived authorities about its compliance with a 2011 settlement with the Federal Trade Commission regarding its inappropriate use of customer data. Sen. Dick Durban, the committee’s leader, stated in remarks obtained by Reuters that Zatko’s assertions are “a subject of significant personal and privacy concern.”

Twitter defense

Zatko filed a complaint against Twitter (NYSE:TWTR) in July, alleging that the firm had misled regulators over its hacker protection measures. Twitter (TWTR), based in San Francisco, California, has previously claimed that Zatko was fired due to poor performance and inefficient leadership and that the complaint was made with the intention of harming the business. Twitter further slammed Zatko claiming that the disclosure presents a “false narrative” of the business. Zatko claimed in his disclosure that he was fired in retaliation for raising concerns about security vulnerabilities and alleged misrepresentations by Twitter officials to its board. A company spokeswoman claimed that Zatko was removed for “ineffective leadership and poor performance.”

Following his complaint, the former Twitter executive has become more well-known recently. Zatko’s statements have now been added to the case between Twitter and Elon Musk for ownership of the firm, according to the Delaware judge presiding over it. According to reports, Zatko also signed a nondisclosure agreement and struck a $7 million settlement with Twitter (TWTR) in June.

Along with the hearing, Twitter (NYSE:TWTR) shareholders will vote on Musk’s offer to purchase the firm on Tuesday, and early results indicate that they are in support of the proposal.

Featured Image – Megapixl © Verticalarray

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