Elon Musk's Twitter profile is seen on a smartphone. Reuters
Elon Musk's Twitter profile is seen on a smartphone. Reuters
Elon Musk's Twitter profile is seen on a smartphone. Reuters
Elon Musk's Twitter profile is seen on a smartphone. Reuters

Elon Musk says Twitter whistleblower payment another reason to scrap deal


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Elon Musk has said that Twitter's decision to pay millions of dollars to a whistleblower it had fired gave him another justification for terminating his $44 billion agreement to buy the social media company.

In a letter to Twitter, lawyers for the world's richest person said Twitter's failure to seek his consent before paying $7.75 million to Peiter Zatko and his lawyers breached the merger agreement, which restricted when Twitter could make such payments.

The payment, which included $7m for Mr Zatko, "cannot be cured", and Mr Musk is, therefore, "not required" to complete the merger, the letter said. A copy was filed with the US Securities and Exchange Commission.

Twitter did not immediately respond to a request for comment.

It has said it was committed to completing the merger, which calls for Mr Musk to pay $54.20 per share for the San Francisco-based company. Twitter shares on Friday closed at $42.19.

Mr Zatko, known as "Mudge", had been Twitter's top security executive before being fired in January.

He later told regulators that Twitter misled them and the public about its security practices and how it fights hackers and spam.

Lawyers for Mr Musk said the severance payment was made under a June 28 separation agreement between Twitter and Mr Zatko.

Mr Musk, who also runs the electric car company, Tesla, declared the merger void 10 days later. He accused Twitter of misrepresenting the prevalence of spam or bot accounts on its platform.

Twitter rejected Mr Musk's claims and sued him to hold him to the merger, claiming he had had cold feet as geopolitical concerns and rising inflation rattled markets.

Mr Musk later countersued Twitter, and on Friday, amended his case to incorporate Mr Zatko's claims, court records show.

A trial in Delaware Chancery Court is scheduled to begin on October 17.

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Tenet

Director: Christopher Nolan

Stars: John David Washington, Robert Pattinson, Elizabeth Debicki, Dimple Kapadia, Michael Caine, Kenneth Branagh 

Rating: 5/5

Match info

Uefa Champions League Group F

Manchester City v Hoffenheim, midnight (Wednesday, UAE)

 

 

Heavily-sugared soft drinks slip through the tax net

Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.

Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.

A 680ml can of Arizona Iced Tea costs just Dh6.

Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.

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Generation Start-up: Awok company profile

Started: 2013

Founder: Ulugbek Yuldashev

Sector: e-commerce

Size: 600 plus

Stage: still in talks with VCs

Principal Investors: self-financed by founder

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UAE currency: the story behind the money in your pockets
It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

Karwaan

Producer: Ronnie Screwvala

Director: Akarsh Khurana

Starring: Irrfan Khan, Dulquer Salmaan, Mithila Palkar

Rating: 4/5

The candidates

Dr Ayham Ammora, scientist and business executive

Ali Azeem, business leader

Tony Booth, professor of education

Lord Browne, former BP chief executive

Dr Mohamed El-Erian, economist

Professor Wyn Evans, astrophysicist

Dr Mark Mann, scientist

Gina MIller, anti-Brexit campaigner

Lord Smith, former Cabinet minister

Sandi Toksvig, broadcaster

 

Opening Premier League fixtures, August 14
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  • Chelsea v Crystal Palace
  • Everton v Southampton
  • Leicester City v Wolves
  • Manchester United v Leeds United
  • Newcastle United v West Ham United
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  • Tottenham v Manchester City
  • Watford v Aston Villa

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The Liechtensteinische Landesbank AG (“Bank”) assumes no liability or guarantee for the accuracy, balance, or completeness of the information in this publication. The content may change at any time due to given circumstances, and the Liechtensteinische Landesbank AG is under no obligation to update information once it has been published. This publication is intended for information purposes only and does not constitute an offer, a recommendation or an invitation by, or on behalf of, Liechtensteinische Landesbank (DIFC Branch), Liechtensteinische Landesbank AG, or any of its group affiliates to make any investments or obtain services. This publication has not been reviewed, disapproved or approved by the United Arab Emirates (“UAE”) Central Bank, Dubai Financial Services Authority (“DFSA”) or any other relevant licensing authorities in the UAE. It may not be relied upon by or distributed to retail clients. Liechtensteinische Landesbank (DIFC Branch) is regulated by the DFSA and this advertorial is intended for Professional Clients (as defined by the DFSA) who have sufficient financial experience and understanding of financial markets, products or transactions and any associated risks.

MATCH INFO

Rugby World Cup (all times UAE)

Final: England v South Africa, Saturday, 1pm

Six tips to secure your smart home

Most smart home devices are controlled via the owner's smartphone. Therefore, if you are using public wi-fi on your phone, always use a VPN (virtual private network) that offers strong security features and anonymises your internet connection.

Keep your smart home devices’ software up-to-date. Device makers often send regular updates - follow them without fail as they could provide protection from a new security risk.

Use two-factor authentication so that in addition to a password, your identity is authenticated by a second sign-in step like a code sent to your mobile number.

Set up a separate guest network for acquaintances and visitors to ensure the privacy of your IoT devices’ network.

Change the default privacy and security settings of your IoT devices to take extra steps to secure yourself and your home.

Always give your router a unique name, replacing the one generated by the manufacturer, to ensure a hacker cannot ascertain its make or model number.

MATCH INFO

AC Milan v Inter, Sunday, 6pm (UAE), match live on BeIN Sports

Updated: September 11, 2022, 8:38 AM`