SEC Seeks to Force Elon Musk Testimony on Pre-Buyout Twitter Share Purchases

Elon Musk, the billionaire CEO of Tesla, finds himself once again in the crosshairs of the SEC over his Twitter stock purchases before he eventually bought the entire company. The SEC is attempting to force Musk to provide testimony to their investigation, claiming that he has been dodging their attempts to get his side of the story.

Elon Musk (Win McNamee/Getty Images; BNN)

Jack Dorsey’s Block Suffers Plummeting Share Price Amid Claims It Enabled Fraud, Inflated User Stats

Former Twitter CEO Jack Dorsey’s payment processing firm Block suffered a stock price drop of 15 percent this week after claims by Hindenburg Research that the company has facilitated fraud and inflated its user numbers. Researchers were reportedly able to set up a Cash App account in the name of former President Donald Trump, and even secure a Cash App card with his name on it.

Jack Dorsey at Bitcoin conference ( Joe Raedle /Getty)

Exclusive – Trump’s Truth Social Exploring Legal Action Against SEC for Alleged Delays in Company Merger Approval Process

The company founded by former President Donald Trump that launched his social media platform Truth Social is considering legal action against the Securities and Exchange Commission (SEC) for allegedly slow-walking approval of the company’s planned merger with another company that would provide the joint entity a mass infusion of capital, Breitbart News has learned exclusively.

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Elon Musk’s Third Termination Notice to Twitter Focuses on Whistleblower’s Severance Package

Elon Musk’s lawyers have sent a third termination notice to Twitter to end his $44 billion acquisition deal with the company, this time objecting to Twitter paying a severance package to its former security head Peiter “Mudge” Zatko in June. Zatko recently came out with an explosive whistleblower against the complaint alleging terrible security practices and not paying serious attention to the problem of bots and other fake accounts.

Elon Musk gestures as he speaks during a SpaceX press conference on February 10, 2022, in Texas. (JIM WATSON/AFP via Getty Images)

Former Twitter Security Chief Blows Whistle on ‘Egregious Deficiencies’ in User Privacy and Fighting Bots

Former Twitter security chief Peiter ‘Mudge’ Zatko has come forward with a shocking whistleblower complaint alleging that the company purposefully misled regulators about poor security and spam. In the complaint filed with the SEC, DOJ, and FTC, Zatko contends that the company lacks basic security practices and prioritizes user growth above all else, claiming CEO Parag Agrawal is “lying” when claims to fight spam.

former Twitter security boss Peiter Zatko

Read Elon Musk’s Letter to Twitter Calling Off $44 Billion Buyout

Tesla CEO Elon Musk has abandoned his deal to acquire Twitter for $44 billion in a letter to Twitter filed with the SEC on Friday. According to the letter, “Twitter has not complied with its contractual obligations. For nearly two months, Mr. Musk has sought the data and information necessary to ‘make an independent assessment of the prevalence of fake or spam accounts on Twitter’s platform’.”

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