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Twitter shareholders voted to approve Musk’s original $44 billion deal

  • September 14, 2022
Twitter shareholders voted to approve Musk’s original $44 billion deal

The Twitter whistleblower, Peiter Zatko ‘s claims have landed in the middle of a heated legal dispute over twitter’s agreement to sell the company to Elon Musk, making their credibility a multibillion-dollar issue.

Last month, a judge ruled that Musk could amend his lawsuit against the company to include the allegations made by the whistleblower, who has been subpoenaed by Musk’s legal team. Less than an hour after the hearings ended, Twitter shareholders voted to approve Musk’s original deal.

Why? Because the company is sinking quickly, and investors want their money. Between Musk’s actions and these whistleblower accusations, much of Twitter’s stock has been diminished investors view Musk’s purchase as potentially the only way out so that they can recoup value.

Twitter and Musk are set to go to trial over the dispute on October 17th.

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Tags: Elon MuskPeiter ZatkoShareholdersTwitterWhistleblower

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