Twitter shareholders voted to approve Elon Musk’s $44 billion bid to buy the company and take it private.
Tuesday’s evening vote comes as Musk seeks to scrap the deal, claiming that the social media firm has failed to report the real percentage of fake accounts. Twitter has reported that less than 5% of monetizable daily active users are spam.
Twitter sued Musk for allegedly breaching the agreement to buy the company. The trial is expected to begin in mid-October at the Delaware Court of Chancery.
The judge in the case recently allowed Musk’s legal team to include allegations made by a former Twitter security chief and whistleblower Peiter “Mudge” Zatko, who pointed at “egregious securities failings” by the company.
Earlier on Tuesday Zatko testified to a Senate panel saying that that Twitter prioritized profits over security concerns.
“It’s not far-fetched to say that an employee inside the company could take over the accounts of all of the senators in this room,” Zatko told members of the Senate Judiciary Committee.
Zatko testified that Twitter’s security measures are opening the platform to major risks and that he believed an agent of the Indian government managed to become an employee at the company.
Twitter has denied all allegations and said the company uses access controls and background checks to control access to data.
