Ned Segal – pressnews

[ad_1] The Securities and Exchange Commission is investigating how Twitter Inc. managed a 2018 security lapse that exposed personal user information before billionaire Elon Musk bought the social media platform last year. The agency has been scrutinizing whether the former top executives failed to adequately disclose those privacy issues to shareholders or put in place proper controls, according to people familiar with the matter who asked not to be identified discussing a confidential investigation. A bug on the social media platform had let outsiders view user email addresses during password resets, which revealed the identity of users, said one of the people.The executives in charge at the time included Twitter's former Chief Financial Officer Ned Segal and former Chief Technology Of...

[ad_1] On October 4, Elon Musk reversed himself and offered to honor his original proposal to buy Twitter for $44 billion — a deal he had spent the previous several months trying to wriggle out of. He made the latest offer just two weeks before a Twitter lawsuit aimed at forcing Musk to go through with the deal was scheduled to go to trial in Delaware Chancery Court. After receiving Musk's offer, Twitter said it intends to close the transaction.The two parties now have to close the deal by Friday. If they don't, the Delaware Chancery Court judge overseeing the case plans to reschedule the trial in November. If the case has your head spinning, here's a quick guide to the major events in the saga featuring the billionaire Tesla CEO and the social platform. January 31: Musk starts buying ...

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SEC Probes Twitter Security Lapse Before Elon Musk Took Over

Timeline of billionaire Elon Musk’s bid to buy Twitter- in first move fires Parag Agrawal