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Twitter Shareholders Vote to Approve Elon Musk’s Takeover of Social Media Platform

    Twitter shareholders have voted to approve Elon Musk’s $44 billion bid to take over the social media platform.

    The shareholder vote comes as tech billionaire Elon Musk is contesting the deal in court, due to credible reports that Twitter is misreporting the number of fake accounts or “bots” on the digital platform. Twitter continues to insist that only 5% of daily active users are ‘spam’ or ‘bots,’ a figure that has been contradicted by independent investigations that put the true number much higher.

    Twitter subsequently sued Musk for alleged breach of agreement in the Delaware Court of Chancery. A court trial to resolve the dispute is expected to start in mid-October.

    On Tuesday, a whistleblower, Peiter “Mudge” Zatko, a former security chief that was fired in January, testified before a Senate panel. Zatko was terminated after it was discovered that a number of foreign agents may have penetrated Twitter, which has massive security holes that could allow any engineer to access sensitive user data, including geo-location data.

    Elon Musk’s legal team cited the whistleblower claims as among the reasons he is seeking termination of the deal. On Tuesday, he tweeted a simple reaction to the Senate hearings.

    “The judge in the case recently allowed Musk’s camp to revise his counterclaim against Twitter to include allegations made by a former Twitter security chief who recently filed a whistleblower complaint claiming egregious securities failings by the company,” CNBC reported on the court battle.

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    OPINION: This article contains commentary which reflects the author's opinion.