News of the Cyber World

[kyonides]

Twitter sues Elon Musk to force him to complete acquisition

The lawsuit, filed in the Delaware Court of Chancery on Tuesday, comes after Musk said in a letter to Twitter's top lawyer late Friday that he wants to terminate the blockbuster $44 billion acquisition agreement.

Musk's lawyer alleged in Friday's letter that Twitter (TWTR) is "in material breach of multiple provisions" of the deal, claiming the company has withheld data Musk requested in order to evaluate the number of bots and spam accounts on the platform. Twitter's legal team hit back in a letter on Monday, calling Musk's attempted termination "invalid and wrongful," claiming that Musk himself had violated the agreement and demanding that he follow through with the deal.

In the complaint filed Tuesday, Twitter's lawyers say they are seeking to prevent Musk from further breaches of the agreement, and to "compel consummation of the merger upon satisfaction of the few outstanding conditions."

Well, Musk wanted to know how many users were fake and apparently, Twitter refused to provide accurate information to Musk and SEC. Therefore it seems natural to quit instead of dealing with blockheads that are doing everything they can to prevent him from acquiring the company.

TikTok Concedes Australian User Data Accessible in China

The company provided details after James Paterson, the shadow minister for cybersecurity and countering foreign interference, wrote to TikTok’s Australian general manager on July 3, asking for clarification on local user data.

Paterson, also the chair of the Joint Parliamentary Committee on Intelligence and Security, publicized the correspondence on social media.

“TikTok Australia has replied to my letter and admitted that Australian user data is also accessible in mainland China, putting it within reach of the Chinese government, despite their previous assurances it was safe because it was stored in the US and Singapore,” he wrote in a Twitter post on July 12.

So we can't trust in a  Chinese company's promise that our data will be safely stored in the Western World.