After the company sued him for terminating the purchase contract, the Tesla founder claims he was not informed of the number of fake accounts
The culberón of Tesla founder and CEO Elon Musk and Twitter continues. As expected, the South African tycoon is hitting back and has filed a confidential counterclaim against the social network after the company sued him for terminating the platform’s €43 million purchase agreement in early July, according to reports “The Wall Street.” Journal’.
His defense strategy: That Twitter did not respond when asked about the number of fake accounts that existed on the social network and how the social network was able to locate and eliminate them, despite being included in the contract, according to the Musk Legal team.
Likewise, the aforementioned newspaper has gathered that it is “probable” that the Tesla founder confirms that the company changed the number of monetized daily active users before finalizing the agreement between the two parties, which would have changed the purchase price of the network Social .
Musk’s legal team has previously alleged that Twitter violated its agreement for a variety of reasons, including that the company fired two executives, thus violating the agreement.
On the other hand, the trial for Twitter’s lawsuit against the tycoon will be held on October 17 and last five days, as reported by a judge in Delaware and US network CNN learned.
Judge Jude McCormick, who oversees the case, has ordered the trial to be held in mid-October, ten days after he expected the trial to take place in that month, albeit without specifying the day.
McCormick held the trial in October and has agreed with the company, which had asked to “speed up” the process, although it will ultimately not take place in September, as Twitter’s legal team had initially defended, claiming the agreement to to buy the company had to be before October 24.
On July 9, the tycoon told Twitter that he was waiving the social network’s purchase contract after receiving no response from the company when he asked for information about the number of fake accounts found on the platform, as well as how the company is operating. she checked and suspended .
Days later, Twitter filed a lawsuit against the billionaire in a Delaware court to coerce his offer to buy the company after breaking the agreement between the parties.
Musk apparently believes that unlike any other party subject to Delaware contract law, he is free to change his mind, destroy the company, disrupt its operations and destroy shareholder value. picked up by the NBC News network.
In mid-May, the tycoon had decided to temporarily suspend the purchase of Twitter, which had been agreed in late April for some $44,000 million ($43,620 million), pending details that would support the calculation of those fake accounts for less than five percent of users.
Then, through a letter sent by Musk’s lawyers to the U.S. Securities Market Commission (SEC) in early June, the billionaire’s legal team deemed Twitter’s position a “significant breach” of its obligations under the merger agreement, which they warned. that Elon Musk “reserves all rights arising therefrom, including its right not to complete the transaction and its right to terminate the merger agreement.”
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
