what was twitter's response? >> in a nutshell, it was where already in bed, it would be problematic if we lost that revenue stream, so figure out a way to make people comfortable with it. >> okay. according to your disclosure thousands of twitter employees have access to twitter user data and internal systems. that includes nearly 4000 engineers, which is half of twitter's workforce. however, you stated that they don't need that kind of widespread access to perform their job duties. basedon on twitter's reported lk of data security, what kind of access would foreign agents have and what kind of data with to be able to obtain? in your answer please explain why this is a problem and how it could impact u.s. national security. >> yes, sir. let me break that down into two parts of an answer. so twitter has engineers and non-engineers. twitter doesha not have, at leat when i was there, which was up until january of 2022, does not have a testing environment for a development or stagingng environment. this is an oddity.

do you still use twitter? mr. zatko: i still have an account on twitter. i read it. i have not tweeted since i left. senator graham: given what you know, would you recommend all of us continue to use twitter? should we take a time-out? mr. zatko: i think tweut certificate a hugely valuable service. senator graham: no matter what you said today you are ok with the rest of us tweeting? mr. zatko: i think people should look at the information they are getting off it differently. people should put pressure on tweut enand ask questions from the public as well as the government and regulators -- senator graham: you are not asking to shut down but asking them to get better? mr. zatko: absolutely. senator graham -- senator graham: would you buy twitter? mr. zatko: that depends on the price. senator graham: fair enough. the reason i ask that for the rest of us we take what you say seriously it's unnerving. i'm going to use twitter but i'll use it differently. if nothing good comes out of this, shame on us all. let me just tell you where i'm headed. there is no way to deal wit

and some of twitter's peers. and even learning that sort of discrepancy would help understand and raise the level of hygiene for these organizations and their ability to perform their tasks and ability for us to accept what they are saying is whether it could be true or not. sen. coons: this also opens up enormous national security risks as you testified earlier, there is roughly half of twitter's employees that had unnecessary access to vast amounts of sensitive user data. senator kennedy was asking earlier to give us a quick sense of what information twitter might have about any of us on this committee and it is deeper and broader and i suspect if you had gone further it unlocks a whole profile that can give really dramatic insights into members of law enforcement, members of the military, of congress, and their families, their travel, their preferences, their actions, their consumer activities, all of that has real consequences. he wrote in your complaint the indian government forced footer to hire indian gove

the senate hearing on that twitter -- twitter was a blower. -- whistleblower. i want to thank you for your time. that is going to do it for our program. we want to take you to live coverage to the hearing. >> their new ceo of this past january. last month, this individual released a whistleblower disclosure detailing alarming allegations about twitter security practices. without objection, his disclosure will be entered into the record. the name is peter. thank you for joining us. you are here to serve a subpoena, so that the public can hear the details of your disclosure. you've alleged a number of security flaws and weaknesses within, flaws that may pose a direct threat to the safety and privacy of twitter's hundreds of millions of users as well as america's national security. this actually began in 20 11 when the ftc, the federal trade commission, first concluded that twitter was playing fast and loose with user data. they found that twitter had "deceived customers and put their privacy at risk by failing to safeguard their personal information." the company

for twitter to find. they would probably be able to stay there for a long time and gain significant amount of information to provide back on either targeting people are on information as to twitters decisions and discussions and to the direction of the company. >> does that include e e us offices versus overseas or is that distinction and material to the way twitterfunctions ? that's in it. >> thank you senator, we're going to take a five-minute break and return to senator whitehouse. >>

let me ask you a question, do you still use twitter. >> i still have an account on twitter, i proceed it occasionally, i have not tweeted since i left. >> given what you know, would you recommend that all of us continue to use twitter or take a timeout? >> i think that twitter has a hugely valuable service and shapes-- >> no matter what you said today you're okay with the rest of us still tweeting? >> i think people should look at the information they're getting off of it differently and i think that people should put pressure on twitter and ask questions from the public as well as from the government and regulators. >> you're not asking to shut them down, you're asking them to get better? >> absolutely, sir. >> okay. would you buy twitter, given what you know? >> (laughter) >> if you had the money? >> well, i guess that depends on the price. [laughter] >> that's fair enough, but i guess the reason i ask that, you know, for the rest of us, we take what you say seriously, it's pretty unnerving. i'm going to go ahead and use twitter, but i'll use it differently and if nothing good comes

it'll roll out to twitter subscribers with twitter blue. that's at five dollar a month service and and so to address that issue one of the things that they're gonna make sure they do is that you know, it's labeled. there's a timestamp that shows when you first publish that tweet and then you'll see the history of that tweet too. so no one can say that they never said something there's evidence there. it's all documented. we'll all see what you initially said and what you've changed it to now right because a lot of people don't like the idea that oh, those are the receipts you can't be changing the receipts so there will be a way for people to realize this has been edited, but i just want to go ahead and show folks what we recorded today because you mentioned that this is being rolled out at first to employees and then to subscribers, so i tried it today because i was so eager for editing and obviously for me. it's still just the delete tweet option. you talked a little bit about the benefits of not allowing the edit now talk about the benef

but twitter and elon musk _ is a human. but twitter and elon musk are _ is a human.mply cannot agree how many bots twitter has and that is the fundamental problem — perhaps no—one can. that is james. i have been at the ambit friend festival to find out how tiktok is giving comedians the chance to spread theirfunnies further. i comedians the chance to spread their funnies further. i wanted to get the opinion of a more traditional stand—up comic. tt is such a dream to be on click, i love the show.— is such a dream to be on click, i love the show. when he is not devouring _ i love the show. when he is not devouring past _ i love the show. when he is not devouring past episodes - i love the show. when he is not devouring past episodes of i i love the show. when he is not devouring past episodes of his. devouring past episodes of his favourite tech programme, phil wang is one of several huge comedians whose gigs have been filmed for streaming services. in fact he also kick—started his career using online video. my his career using online video. my first solo show in 2013,

behind the scenes at twitter.capitol hill with more. connell? reporter: well, liz, at least one chinese agent said to have been working inside of the company and the whistle-blower is said to have learned about that about a week before he was fired by twitter. peter zatko, the name of the twitter whistle-blower here, goes by on the on line handle, mudge. he was telling lawmakers about his experience at the company on the very same day twitter shareholders voted to approve elon musk 43 billion-dollar take over as musk is trying to get out of the deal. he said the executives prioritized profits over security, so much so they don't even know what data they have. in terms of a foreign agent actually infiltrating the company, there is this. >> i'm reminded of one conversation with an executive when i said, i am confident that we have a foreign agent and their response was, well, since we already have one what does it matter if we have more. let's keep growing the office. reporter: senator lindsey graham says it is time

but twitter and elon musk aren't sitting down together, they simply cannot agree how many bots twitter—one can. that was james. so i have been at the edinburgh fringe festival to find out how tiktok is giving a new type of comedian a chance to spread their funnies further. but i also wanted to get the thoughts of a more traditional stand—up comic. it is such a dream to be on click, i love this show. that is just the weirdest thing i've ever heard — him saying that to me. when he is not devouring past episodes of his favourite tech programme, philwang is one of several huge comedians whose gigs have been filmed for streaming services. in fact he also kick—started his career using online video. my first solo show in 2013, ijust recorded it myself, and put it on youtube. because i thought no—one else is buying this, so i might as well put it somewhere. and also because youtube was where i learned stand—up. i wonder whether we are going to see two types of comedian emerge from this. the comedians who have cut their teeth on live audience but also the comedians who built their craft around

twitter tried to force the sale.hich could see it sold for $ $44 billion. >> elon musk apparently believes that he, like every other party subject to the lower contract law is free to change his mind and trash the company, disrupt its operations, destroy stakeholder value and walk away. reporter: elon musk is contra serene, claiming that twitter misrepresented the number of bouts in a bid to distort its value and drive up the price he would be willing to pay for it. the twitter versus elon musk trial ischeduled for october in delaware, where twitter is incorporat, and it could last up to five days. kate: one of the people that could testify on elon musk's behalf is a former executive turned whistleblower who was speaking to u.s. lawmakers today. elon musk's lawyers will include allegations by peters atco, a hacker who worked as twitter's head of security until he was fired several months of her. he has been attending a senate hearing in which it was revealed at least one chinese agent was working at twitter. he said

emily: twitter's peiter zatko, but he had to say about twitter's board is not very flattering at theearing, sing when presented with security concerns, twitters boards it did nothing. does that make bret taylor look unfavorable? >> i don't think so. the way that he has viewed this is through a phrase he has defined to twitter employees many times. he has said that my job here is to get the best feel i can. what's interesting is this is somebody who has managed to come out of every situation looking like he got a good deal, looking like he was a good business player. with twitter he may have found himself in a no win situation. if he succeeds in court in october, he sold the company to someone who doesn't want the company. even if he settles, the company has been through the ringer and will probably get sued by shareholders. it's going to be a tough situation for the board and for bret taylor. emily: really interesting profile you did. bret taylor. you can read more of brody's story on bloomberg.com. we'll hear from a top executive from amazon and a downturn from another side of the w

for twitter, they will have dueling distractions.ig ones for whether or not this deal gets done with musk. we saw he was watching and tweeting today, perhaps cheekily. but we know the jokes turned serious so i'm sure there will be bobs and weaves on that side of the deal as well as in d.c. in terms of if there is any kind of action here. after frances haugen, the facebook whistleblower did go down to washington. there were bills proposed but not a ton of significant changes yet. if there are moves on the political worry side, if history is any guide, those might be slower than what we see on the deal that is expected. emily: thank you both for your commentary today. we are going to continue to watch every twist and turn. we will be right back. this is bloomberg. ♪ emily: meta says it needs its rivals to share some of their most closely held secrets in order to defend its antitrust suit. meta has subpoenaed 132 companies like snap, tiktok, and clubhouse saying it will help the argument against the 2020 lawsuit claiming the company has

twitter up 20%, but we will cover -- twitter up .8% but we will cover that later. peloton rose on the news that john foley was leaving the company. , been at risk off sentiment throughout the day. -- caught up in the risk off sentiment throughout the day. emily: we will dig further into the selloff from what it means. victoria joins us now. what do you make of this so suddenly in the session? >> today as when reality met expectations on inflation and i think market had gone into this. we are definitely up inflation and today was a wake up that inflation is still here and very sticky inflation. it is no longer just about energy. food expenses veterinary care, a lot of areas we thought was getting better really warrant. -- really were not. the fed will go 75 basis points. the 4% terminal rate might be too low and we are ill in a sinking inflation environment that might be too difficult to bring down. emily: what do you make of what happened with tech in particular? what distinguishes the tech part of the selloff from the rest of the selloff? >> tech stocks tend to be

hawley: were you ever aware of twitter engineers dock sing twitter users? mr. roetter: no. sen. hawley: mr. zatko that he saw that been to unpack there. thank you, mr. chairman. >> thank you for the witnesses for being here today. transparency and accountability, those are the words of the day because we know that social media companies -- i am a computer programmer. how you analyze the data and the data tells the story if you are smart enough to listen to it. we look at data is in order to enhance the predictive engagement algorithms in the targets, recommendations based on other content. there are certain vulnerabilities and this is great when you are shopping for a new outfit were new furniture, but maybe not so great when you are on extremist or violent website or looking at harmful content. there has to be greater transparency to the platform promotion mechanism. how the content spreads from platform to platform. i believe consumers, and not just the individual, we have small businesses, schools, everyone are on these platforms. when we say consumer, we can go for the indiv

also hurting, not twitter's images. former twitter employee turned whistleblower peter zatko. >> who recently outlined security flaws of the company that he says put millions of users at risk. now musk is using those claims, we mentioned help and get out of the twitter deal. most recently filed paperwork with the securities and exchange commission saying the whistleblower's revelations give him more reasons to terminate the deal. and today as kron four's anna wiernicki reports that high profile whistleblower testified before congress about his bombshell allegations. >> twitter's former head of security peter zatko told lawmakers that for years the social media company prioritized profit over protecting its users. they don't know what data they have, where it lives or where it came from. and so unsurprisingly, they can't protected. sacco was fired from twitter earlier this year for what they called, quote, ineffective leadership and poor performance. >> then last month is filed a whistleblower complaint with the ftc comp

i joined twitter in 2021.ril of this year, i became general manager of the consumer product team. it is responsible for the main features people use on twitters mobile apps and websites. i am also the general manager of the revenue products team. the open nature of our service gives a voice to a world of diverse people, perspectives, ideas and information. we believe that twitter is a force for good in the world. in the past year, we have seen people come to twitter to get information about the conflict in ukraine, to access life-saving information and to exchange ideas about diverse topics. topics ranging from news to culture to sports. the goal of the consumer product team is to increase healthy participation in the public conversation. you measure our success by how many people use twitter and the health and safety of the platform. these two parties go hand-in-hand. if people do not feel protected, they will simply leave the service. by the same token, advertisers do not want their brands or services to app

agarwal, the ceo of twitter, out to resign if these allegations are true inside twitter. wait to see how this plays out in terms of the musk acquisition attempt. obviously, a big day here for twitter. a lot on the line. they have said mudge's allegations about negligent security practices inside twitter are simply a false narrative. mudge is up there talking about potential spies, foreign intelligence agents for india and china working on the staff at twitter and twitter not having any ability to detect them or do anything about it, guys. >> i will tell you, for the purposes of the trial itself that will begin right now in delaware, october 17th, it's not clear that there's much that he's saying here or has said previously that is going to have a great deal of bearing on chancellor mccormick and what's going to go on in that courtroom. that said, obviously, the broader ramifications, not just for twitter but for tech overall. and for the stance of many senators, both on the right and the left, you know, i'll go to you and sort of say, how does this fit into the broader fr

by twitter? report would have been before i was in this role, but what i can tell you is that i've been in multiple product reviews where i push hard and our other leaders push very hard and work with our team to strike a balance of safety in all that we do. so, i can't speak to that report, but what i can tell you is how we operate now. >> obviously this report has a completely different conclusion than you have. and i just have to ask you. how can you say that trust and safety are important to you shall development progress when twitter launched the spaces product when your predecessor said that twitter would not be able to moderate all of its spaces. it's my understanding since the launch, it's documented that spaces has been used by white supremacists as well as isis to spread misinformation as shown in this poster. in fact, the internal report shown on this poster basically says if i can read it here, we did not prioritize, identifying and mitigating against health and safety risks before la

emily: is this going to change the nature of twitter? the dynamic of twitter?> i am waiting for when it first rolls out to have that moment, that first week when people are playing jokes and someone is inevitably going to send one version of a tweet, then change at 29 minutes later to something offensive and everyone is going to look silly. i wonder in the long term if that is going to die down. maybe we will have that for a week or two. that 30 minute timer really isn't that long. it is long enough to fix the typo, to change a link. in the case of breaking news, it could be a big deal. but for most stuff on twitter, it is probably not going to have a dramatic effect. we are heading into an election. this is a weird time to want to try edited tweets. all we are doing is asking for someone to come forward and say something about election results were voting, that goes viral and suddenly we are going, why are we doing this? emily: does this make it harder to moderate misinformation and disinformation? what is twitter's plan heading in the midterms to be on top of

twitter responded by saying this. mr.egations are riddled with inconsistencies and inaccuracies. what do you say to that? >> they should probably refute those specific claims rather than making the large claims. the fact is they are the ones that are behind and what they're really hoping to do is sweep this all under the rug in hopes that elon musk's acquisition offer will go through. he has offered to pay 44 billion to buy the company. now he's trying to shrilink awa from the deal especially considering twitter is valued at $31 billion. they are hoping they can slink this through. the problem is elon musk never asked about those. he asked about bots. that was not the core of the testimony. so he may still need to come up with other reasons why he should be allowed out of this deal. >> let's look at the deal. they approved the sale yesterday. a judge recently ruled musk can use zatko's allegations to help him back out of that twitter deal. what do you think the outcome will likely be? >> twitter has been under allegations

>> if musk doesn't take over the company, then twitter will just go back to being twitter and no one will stop them from going -- from censoring accounts and suppressing like we talked about but going into the midterms, i don't know if they've been totally involved this time but if there's a presidential election and donald trump is the republican nominee, all bets are off and the activists at twitter will take it upon themselves to make sure that any negative information about whoever the democratic nominee is whether it's biden or whoever else back fills them and pushed to the side and all the focus will be on negative information towards the republican nominee and that's not like a theory. we saw it happen. we saw the movie play out in realtime before the 2020 election. elizabeth: joe, good to have you on. good luck with your book. have a good weekend. >> come on, liz. i appreciate it. elizabeth: good to see you, joe, concha. appreciate it. house speaker pelosi today said the president is working on a plan to secure the border 20 months after taking office and the size of kansas i

. >> sorry sorkin >> let's talk to twitter twitter blue >>> in corporate news, looking to approve the $44 million takeover bid musk is in the process of getting out of the deal. early votes show investors will approve the transaction as you imagine by a wide margin what else would they do? musk owns almost a 10% stake and not expected to vote his shares. in washington today, twitter's former head of security, peiter zatko is testifying against the company. now musk trying to use those allegations to get the takeover offer dropped. senator dick durbin is chairing the hearing. we will speak with a lot of folks, including him, about this at 8:00 >> if they approve the deal, october 17th is the trial? these things are moving on straight tracks. >> they happen anyway. if they didn't approve the deal, you need to have a trial sure the trial will happen. >> october 17th is the delaware trial. >> we should move the show down there for a week >> i think the same thing. >> it will be riveting i don't want to say that i'm not actually sure it will be riveting anything that is riveting is probabl

he not only found twitter, but he built it into a big business. seemed like he had regrets or was recent of the way the board pushed him out. to sajy jack dorsey was throwing twitter under the bus may be an understatement the idea that he was egging elon musk on and encouraging him to take the company private it's fascinating to read these texts. >> yeah. that's where -- the most interesting part is jack dorsey appointed somebody to be the ceo, yet instantly changed back we need to -- it was never meant to be a company. it should be a protocol, it can only be run a certain way. i do fully agree it was completely inconsistent but also let's remember jack dorsey made this protocol comment for years. it's a reminder that the inner workings of these deals can be random they're just so abundantly human in the way all of these things are approached that i think everyone has to recognize that these multibillion dollar deals are not run in the most intellectually rigorous or quantitative way >> raise your hand if you want to pay $40 billion for a protocol

and the fact that there are potentially or for agents working for twitter. and so there was a myriad laundry list of things that he ran through that are really disturbing if you are on the follows twitter. so where does this leave alone ma sped to buy with which he has been actually trying to get us off? yeah, he's the, he's clearly been trying to distance is distance. and so from this company, the state a reason that he's use that the, the bought that higher number box on this platform, then twitter under se, disclose that, that was an issue that actually came up. so it kind of complicated a little bit because his prime reason for actually was deal or wasn't and really mentioned. now there are, like i said, i'm a myriad of other problems that, that have been raised here today. and so that might be something that you must take on, but you know, there is still a trial that's set, start the middle of next month. and so we might see more of these documents come up there. presumably towards the share price is going to take a hit. what does the future of twitter

but that one was on twitter. because media people are on twitter only. as we know. >> the crossover of tiktok culture and twitter culture. >> there is many people i would say, even people that have harassed me in the past -- >> i will let this go in a second. you can see -- you can say this guy is being horrible and overreacting -- >> it's not just overreacting. >> that he is capitalizing in various ways, but how do you know it is in his heart that he is mad or not? >> he says he wants to go to war with the media and destroy the washington post. >> that's probably half the people in this room. [laughter] >> it goes back to judgment. we use judgment every single day. all i can do is respond to people in good faith, say hey, i want to work with you. i want to correct that. if you come back with that, with this crazy campaign and that continues for days, i am going to assume you are not there. what i shut him down? no. i want to hear people out. i have dealt with it for over a decade. this is not my first rodeo. >> i guess i see -- the term bad faith mostly

reporter: twitter fired zatko.ver its head when it is regulating twitter. the firm doesn't care about user safety, just making money. >> to put it bluntly twitter leadership ignored its engineers because key parts of leadership lacked the competency to understand the scope of the problem but more importantly, their executive incentives led them to prioritize profits over security. >> in his opening remarks gop iowa senator chuck grassley said at least one chinese agent works for twitter. zatko says it would be easy for foreign intelligence firms to install agents inside of twitter to track everyone. sat cosays twitter is unwilling to root out potential spice to could compromise national security. >> i'm reminded of one conversation with a executive when i said i am confident that we have a foreign agent. their response was since we already have one what does it matter if we have more. let's keep growing the office. reporter: twitter declined to comment on the hearing and testimony from zatko. later twitter announce

musk also claimed on twitter yesterday that his tweets are being suppressed.this all mean for the lawsuit that is set to start on october 17th, how do you think this plays out? >> the specific allegations that musk is making against twitter to get him out of the deal aren't the same as the ones we saw from the whistleblower but the judge in that case has allowed them to be entered into the case. so we will see -- again, things that are actually legal matter a lot more with problems with the company that maybe musk should have looked into doing due diligence before he agreed but twitter can go forward and push back on elon. it's sophisticated court there. they deal with the issues all of the time. i think they'll be a lot of substance that comes out of that. we will learn a lot about twitter and a lot about the deal and as you said that start in earnest in october. maria: meta, twitter, youtube, tiktok expected to testify today before the senate homeland security committee jessica. clearly the surveillance campaigns will come up now that we know the fbi warned

emily: let's talk more about twitter and musk, twitter rejecting the effort to cancel the deal yet again, saying it's invalid and wrongful. the third attempt to walk away from the deal, and third time is not the charm. the whistleblower, a former twitter employee, testified before the senate judiciary committee tuesday. here to discuss is jef and alex. what were we expecting to hear from people on capitol hill tomorrow? >> i think the hearing tomorrow will follow two lanes of conversation. there will be questions around the data privacy concerns, around the fake accounts that the company is alleged to have ignored or didn't disclose. i expect the judiciary committee to focus on privacy issues. that might be a little less relevant to the acquisition but increasingly relevant as d.c. pushes through antitrust legislation but hasn't gotten a lot of traction on data privacy so they might take the opportunity to lean into those things. emily: jef, elon musk is trying to use new information that twitter signed a $7 million separation agreement with pieter zatko in june. he used that as a reason

. >> twitter. there was a day when you wanted to buy twitter. okay? fascinating how you write about it in your book and you wrote the more people told me i was crazy, the more my arter for the idea grew. you didn't buy twitter and i wonder what you see now in the battle between twitter and elon musk. >> i'm not really following the battle. i always had a huge vision for twitter. it's one of the most exciting applications in the world. i've always thought twitter could be an operating system. i always thought twitter could be a receptacle for applications when i look at the frames inside the text fields, i ask myself wow, why can't those be apps? why can't there be app stores? why can't we have something to create more user engagement but when i went to buy twitter and having the conversations, all of my shareholders came and said you can stop that now. you won't pursue this vision. it's hard for me because i'm a visionary. i'll get things in my head and for somebody to tell me you may have the vision in your head but you're not allowed to execute this

. > >> the twitter whistleblower. his concerns about how the social media giant is handling user data. i'm natalie brand with the awtey be aker >> plus, vendors cleared out. the crackdown on the sale of stolen goods, in san francisco. > >> good afternoon, thank you so much for tuning in this afternoon, i'm reed cowan. what a day on wall street! we are watching your wallets after stocks once again took a plungee plunge. anne has more on the difficult day. hi, anne. >> they say don't look at your 401(k). the federal inflation report today really made a lot of investors nervous. so let's go ahead and take a look at those closing numbers, today. the dow dropping nearly 1300 pos 1300 points, or almost 4%. the nasdaq, down more than 5%. and the s&p 500 fell, 4.3%. today's inflation report shows ear over your prices were actually down, slightly from july to august, but they are still incredibly h, incredibly high, up 8.3%, from just last year. that is even wih even with the price of gas dropping $.25 per gallon over the last

it has accumulated over 300,000 views on twitter. these twitter users claim what we see in the video are islamist demonstrating against the rise of what they call the far right, against the victory of the right . more tweets right here once they show up. but how can we confirm the veracity of these tweets? first thing we do is check the geolocation of the post. and we were able to confirm the video we saw on the post took place in a coastal city in southern sweden. another clue for the geolocation, these figures right here, this sculpture we saw in the background of the videos posted on twitter, we were able to confirm it was shot in sweden. more precisely, it took place in a square located in front of the art gallery. what really gives it away, besides the geolocation, is this flag right here that we see amongst the flags that they were waving in the video. this flag right here is a picture of the grandson of mohammed, an important figure, so we can conclude this gathering is actually a procession commemorating his death that take p