Elon Musk still has plans to take over Twitter. Like October 10th got knownthe venture capitalist Sequoia Capital is sticking to its plans to support the Tesla boss with 800 million US dollars in his plans.
The crypto exchange Binance is also still on board. Binance CEO Changpeng Zhao assured the magazine the information Twitter committed $500 million. But Musk and Twitter still have a bone to pick.
Elon Musk: The ups and downs of the Twitter takeover
The planned takeover of Twitter by Elon Musk had meanwhile faltered. After the deal became known, the Tesla boss rowed back without further ado. Only to revive the offer in early October. This had a direct impact on the crypto market. Because Elon Musk announced that he would introduce a Twitter fee to be paid with Dogecoin (DOGE). The DOGE-Coin took off without further ado.
However, Musk is not completely at peace with Twitter. As the Southgerman newspaper reports, he alleges that Twitter ordered a whistleblower to destroy evidence of misconduct. That was reason for Musk to backtrack from the original $44 billion acquisition price.
Former Twitter security chief fired
The former Twitter security chief Peiter Zatko admitted to having deleted a total of ten notebooks and 100 computer files on the orders of the Twitter leadership. Musk maintains his allegation that Twitter withheld information from him prior to his takeover.
As the newspaper further reports, the head of security had already pointed out last month that Twitter was not so particular about security. He himself expressed serious concerns to Twitter CEO Parag Agrawal about the company’s data security and privacy practices. Rather than address those concerns, however, Twitter apparently fired him for “poor performance” earlier in the year.
Judge sets deadline for Twitter takeover
The responsible judge Kathaleen McCormick has given Twitter and Elon Musk a deadline by which the deal should be completed. The deadline is October 28, 2022.
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