Shares of Twitter Inc dropped more than 4per cent in pre-market trading on Thursday, a day after hackers gained access to the social media ...
Shares of Twitter Inc dropped more than 4per cent in pre-market trading on Thursday, a day after hackers gained access to the social media company's internal systems to hijack accounts of several politicians, billionaires, celebrities and companies.
Hackers infiltrated the twitter handles of U.S. presidential candidate Joe Biden, reality TV star Kim Kardashian, former U.S. President Barack Obama and billionaire Elon Musk to solicit digital currency - raising major concerns about security on the widely-used platform.The hack"certainly doesn't help," Joe Wittine, Edgewater Research analyst, told Reuters in an email. It will pose more of a"reputational risk", versus"material near-term risk to advertising revenues.
In an extraordinary step, Twitter temporarily prevented many verified accounts from publishing messages as it investigated the breach.
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