Twitter shareholders vote in favor of takeover by Elon Musk –

Twitter shareholders have voted in favor of Elon Musk’s takeover of the social network for $44 billion, the San Francisco-based company announced on Tuesday.

The vote consolidates the position of the social network one month before the opening of the lawsuit it launched against Elon Musk to force him to honor his commitment.

>> Read again: Twitter’s lawsuit against Elon Musk will begin on October 17

Twitter had called its shareholders for a “special meeting” by videoconference. The context of the vote has changed dramatically since the end of April, when the group’s board of directors and Elon Musk signed a contract to buy Twitter at $54.20 a share.

Accusations of lying

Since then, the boss of Tesla and SpaceX has multiplied the accusations against his favorite platform, which he once wanted to make a public place essential to democracy. On July 8, he declared that he was abandoning the operation, on the grounds that the San Francisco-based company had allegedly lied about the proportion of automated and spam accounts among its users.

Tuesday’s poll came shortly after a US Senate hearing for Peiter Zatko, ex-Twitter security chief turned whistleblower. As head of security for the platform from his recruitment at the end of 2020 until his dismissal last January, he claims to have discovered serious vulnerabilities and says he tried to alert management, in vain.

Twitter has pushed back against these allegations, but they came at a good time for Elon Musk, who wants to use them to justify his abandonment of the takeover project.

>> Read also: Twitter under fire after new revelations about its security flaws


Leave a Comment