Important news for Twitter came to the agenda today. Some of Twitter’s source code was leaked on GitHub. The company reportedly sent a copyright violation notice to GitHub and asked them to remove the leaked code. GitHub reportedly complied and removed the code that day. It is unclear how long the leaked code has been online. It is also believed that a former Twitter employee was behind the leak. However, this is not yet certain.
Twitter file an injunction against GitHub to find who posted the source code
Twitter has also asked the US District Court for the Northern District of California to file an injunction against GitHub to identify the person who posted the code and the people who downloaded it. It is thought that this source code could pose a serious risk to platform security. According to Elon Musk, Twitter will make all code used to suggest tweets open source as of March 31st. However, there is a significant difference between this and the main source code leak.
Some of Twitter’s source code has been leaked, and also, CEO Elon Musk has announced an updated value for the company. According to Platformer and The Information, CEO Elon Musk has valued Twitter at $20 billion. This is less than half of the $44 billion Musk paid to buy the platform. This is actually not a huge surprise. Because Musk paid more for Twitter than it was worth, and even tried to cancel the acquisition, but was unsuccessful.
Musk announced a current value for the company because employees will receive stock grants based on Twitter’s $20 billion valuation. Musk made massive layoffs last month. In order not to lose the remaining ones, he sent an e-mail to the employees and told them that they would receive significant stock awards as of March 24. It was stated that this “will be based on performance”.
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