Twitter has argued in court that Musk is deliberately trying to tank the deal and using the bot question as an excuse because market conditions have deteriorated and the acquisition no longer serves his interests.
The billionaire and Tesla CEO has been trying to back out of his April agreement to buy the social media company, leading Twitter to sue him last month to complete the acquisition. Musk countersued, accusing Twitter of misleading his team about the true size of its user base and other problems he said amounted to fraud and breach of contract.
Twitter declined comment Saturday. The company has repeatedly disclosed to the Securities and Exchange Commission an estimate that fewer than 5% of user accounts are fake or spam, with a disclaimer that it could be higher. Musk waived his right to further due diligence when he signed the April merger agreement.
“Musk invents representations Twitter never made and then tries to wield, selectively, the extensive confidential data Twitter provided him to conjure a breach of those purported representations,” company attorneys wrote.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Says Twitter Deal Could Move Ahead If Company Confirms ‘Spam Bot' InfoElon Musk said Saturday his planned $44 billion takeover of Twitter should move forward if the company can confirm some details about how it measures whether user accounts are ‘spam bots’ or real people.
Read more »
Elon Musk says Twitter deal should go ahead if it provides proof of real accountsMusk said that if Twitter Inc. could provide its method of sampling 100 accounts and how it confirmed that the accounts are real, his $44 billion deal to buy…
Read more »
Elon Musk challenges Twitter CEO to a ‘public debate’ about botsMusk wants Parag Agrawal to prove how many bots are on Twitter.
Read more »
Elon Musk challenges Twitter CEO to a ‘public debate’ on fake accounts | EngadgetElon Musk has challenged Twitter CEO Parag Agrawal to a public debate about the percentage of bots on its platform..
Read more »
Elon Musk Challenges Twitter CEO Parag Agrawal to a Debate on BotsElon Musk took shots at Twitter on Saturday, and dared CEO Parag Agrawal to debate him in the midst of a legal battle over a $44 billion acquisition gone awry.
Read more »
There’s a New, Chaotic Possibility in the Elon Musk–Twitter TrialIf Musk’s financiers try to come to his rescue, it’ll be “what happens when matter hits antimatter.”
Read more »