Elon Musk raised the issue as grounds to back out of a deal to buy Twitter.
DETROIT — U.S. securities regulators are questioning Twitter about the way it determines how many fake accounts are on its platform.
The SEC’s Division of Corporation Finance asked the questions in a June 15 letter, shortly before Tesla CEO Elon Musk raised the issue as grounds to back out of a deal to buy Twitter for $44 billion. Musk has claimed that Twitter is undercounting the number of fake accounts, which inflates the number of real users.
The law firm Wilson Sonsini of Palo Alto, California, replied to the SEC in a June 22 letter saying the company believes it adequately disclosed the methodology in its annual report filed for 2021. The letter was disclosed in a filing posted by the SEC on Wednesday, a day after Twitter’s former head of security alleged that the company misled regulators about its poor cybersecurity defenses and its negligence in attempting to root out fake accounts that spread disinformation.
As lawmakers stepped up calls for investigations into Zatko’s allegations, the Senate Judiciary Committee announced Wednesday that Zatko will testify at a hearing on Sept. 13 — the same day Twitter’s shareholders are scheduled to vote on the company’s pending buyout by Musk. The Twitter board is recommending approval of the buyout.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
SEC Questions Twitter On How It Counts Fake AccountsU.S. securities regulators are questioning Twitter about how it calculates the number of fake accounts on its platform.
Consulte Mais informação »
Whistleblower accuses Twitter of cybersecurity negligenceA former head of security at Twitter alleged that the company misled regulators about its cybersecurity defenses, privacy protections and its ability to detect and root out fake account.
Consulte Mais informação »
Twitter Lied About ‘Extreme, Egregious’ Security Lapses, According to Fired ExecSenior Twitter executives deceived regulators — and the company’s own board — about lax security standards and its efforts to fight spam bots, according to an SEC complaint filed …
Consulte Mais informação »
A former employee accuses Twitter of big security lapses in a whistleblower complaintTwitter's former security head is accusing the company of ignoring major security vulnerabilities and misrepresenting the number of fake accounts on the platform.
Consulte Mais informação »
Twitter whistleblower: 5 takeaways from Peiter ZatkoIn essence, the whistleblower said Elon Musk is correct when he charges that Twitter executives have little incentive to accurately measure the prevalence of fake accounts.
Consulte Mais informação »
Elon Musk demands Jack Dorsey turn over Twitter info on fake accountsTesla CEO Elon Musk is asking Twitter co-founder Jack Dorsey to hand over documents tied to a legal fight that will determine whether Musk will have to buy the social media company for $44 billion... via YahooFinance
Consulte Mais informação »