NEW YORK, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Twitter, Inc. (“Twitter” or the "Company”) (NYSE: TWTR) based on recent allegations of a whistleblower as reported by CNN and The Washington Post.
If you are an investor of Twitter and would like to discuss our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003 or our toll free number 1-800-290-1952.
On August 23, 2022, CNN published an article entitled "Ex-Twitter exec blows the whistle, alleging reckless and negligent cybersecurity policies.” According to the CNN article, the whistleblower alleges that "Twitter has major security problems that pose a threat to its own users' personal information, to company shareholders, to national security, and to democracy, according to an explosive whistleblower disclosure obtained exclusively by CNN and The Washington Post." The CNN article also states that the disclosure was "sent last month to a number of US government agencies and congressional committees, including the Securities and Exchange Commission, the Federal Trade Commission and the Department of Justice." The whistleblower reportedly is "Peiter 'Mudge' Zatko, who was previously the company's head of security, reporting directly to the CEO."
The August 23, 2022 CNN article also states that "[w]hat Zatko says he found was a company with extraordinarily poor security practices, including giving thousands of the company's employees -- amounting to roughly half the company's workforce -- access to some of the platform's critical controls” and that Zatko alleges “the company's senior-most executives have been trying to cover up Twitter's serious vulnerabilities, and that one or more current employees may be working for a foreign intelligence service.”
Following this news, the price of Twitter shares fell $3.15 per share, or 7.3%, to close at $39.86 per share on August 23, 2022.
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If you have any questions about this investigation, your rights, or your interests, please contact:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
