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Thursday, August 11, 2022

Twitter calls Musk’s allegations an ‘excuse’

SAN FRANCISCO ( Associated Press) – Twitter on Thursday filed legal papers that denied its potential buyer, billionaire businessman Elon Musk, required information or provided false details about his business.

Musk originally made those allegations to justify his attempt to back out of a $44 billion deal to acquire the social network, which Musk later said was many more “spam bots” and fake users. accounts were suffering. The company had disclosed.

The fate of the acquisition, which Musk agreed to without taking the time to examine details of Twitter’s business, is now in the hands of a Delaware court in which the company has sued to force Musk to complete the purchase. . The matter is to be heard on October 17.

The court’s decision could determine the future of a social platform that is used daily by 238 million people worldwide, a small audience by the standards of Facebook and other social networks, but one that includes political leaders, entertainers and various other social media users. Subject matter experts are included.

In an unexpected twist, before the businessman’s own counterarguments were made public, Twitter was able to submit its response to Musk. A judge ruled Wednesday that Musk’s counterargument would be issued on Friday.

However, Twitter’s response included parts of Musk’s counterargument, such as accusing the company of fraud and a “delay strategy”, and calling Musk “watery and incomplete” in response to his questions about spam accounts. information”. and other company metrics. , Although Twitter has assured that Musk is inventing reasons not to buy the company, lawyers for the businessman say Twitter is the one delaying the deal by not providing enough data for its client’s requests.

In a response filed Thursday with the Delaware Court of Chancery, Twitter says Musk’s arguments are “a story, concocted in an attempt to avoid a merger deal that Musk no longer found attractive.”

Twitter said in its response, “The counterclaims are a story made specifically for litigation, and evidence and common sense contradict them.” “Musk fabricates statements that Twitter never made and then selectively attempts to use the massively sensitive data that Twitter has provided to him to violate those alleged statements.”

At the same time, the response notes, Musk accused Twitter of violating his agreement by “completely shutting himself down” with his requests for information.

Musk’s representatives did not immediately respond to a request for comment, although Musk spoke about it briefly during Tesla’s annual shareholder meeting on Thursday.

He told people gathered at a Tesla factory near Austin, Texas, that Twitter fits his group’s overall vision. He said that since he uses the platform a lot, where he has over 100 million followers, he knows what to do with it.

“I understand the product very well,” he said. “So I think I have a pretty good idea of ​​where to direct the Twitter engineering team to radically improve it,” he said.

Musk’s lawyers attempted to file a public version of his response and counterclaim in a Delaware court on Wednesday. But Twitter’s lawyers complained that they needed more time to review and potentially revise parts of the confidential document submitted by Musk, saying it would reconcile internal information and data the company provided to the businessman. Refers to “widely”.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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