Update: 10.50AM EST
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Today, Peiter “Mudge” Zatko testified before Congress noting federal agencies such as the FTC are short on resources and compared to big tech firms are at a disadvantage.
Zatko added that Twitter does not completely comprehend the data it collects or even why it collects this data. Further, the social media platform lacked the ability to track employees’ actions internally which increased the chances of foreign agents operating inside Twitter and exploiting its data, According to CNN.
According to a Wall Street Journal report, early voting suggests that Twitter’s (NYSE: TWTR) shareholders are likely to approve the $44 billion takeover by Musk that he is now trying to exit. This is likely to result in the Delaware Court deciding on the fate of the deal.
The report said that early voting indicated that shareholders approved of the takeover by a wide margin, though the final outcome could change as shareholders could change their votes through a meeting that is scheduled to be held today at 1:00 PM EST.
Meanwhile, Musk, Twitter’s largest shareholder with a stake of around 9.6% had not cast his vote at the time of writing.
Whistleblower Set to Testify Before the U.S. Senate
In another development, an executive who served as Twitter’s head of security earlier, now turned whistleblower – Peiter “Mudge” Zatko, will testify before a U.S. Senate committee today regarding serious security lapses at the company.
According to Reuters, the Senate Judiciary Committee is likely to question Zatko over his claims that “Twitter misled regulators about its compliance with a 2011 settlement with the Federal Trade Commission over improper handling of user data.”
Zatko had filed a complaint with regulators in July that since 2011, Twitter had made “little meaningful progress on basic security, integrity and privacy systems.”
Chair of the U.S. Senate Committee, Senator Dick Durban termed Zatko’s allegations a “matter of grave personal and privacy concern.”
