Elon Musk may have found his way out of buying Twitter. KevinTDugan writes on what Peiter Zatko’s complaint means for the case — and the chances of a settlement
Photo-Illustration: Intelligencer; Photos: Angela Weiss/AFP via Getty Images; Delaware Court of Chancery Elon Musk may have found his way out of buying Twitter.
The complaint accuses the company of, among other things, lying about the company’s bot problem, filing false or misleading securities filings, withholding critical information from the company’s board, employing spies after getting pressure from governments, and a lot more. Mudge goes hard for the current CEO Parag Agrawal. Agrawal is painted as a duplicitous executive whose rise was opposed by board members.
Jack Dorsey was checked out. Dorsey, the co-founder and previous longtime CEO, was the one who hired Mudge, in what was then seen as a sober and serious decision to clean up the company after a massive hack in 2020. But after hiring Mudge, Dorsey basically lost interest, he said. Mudge said that he spoke with Dorsey about six times over the course of a year, with each 30-minute call at his own request, and Dorsey speaking “perhaps 50 words” during those calls.
Twitter may have large unpaid bills. Twitter has the potential for a lawsuit because of its unlicensed use of machine learning programs for some of its central functions, like which tweets get shown to users. Further, the company allegedly misled regulators in Ireland and France about its systems. But Musk has another way out, and that’s essentially arguing that the whole company is a much bigger shitshow than it’s let on. This is where Mudge’s suit comes in.
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