AT 62 page lawsuit filed on Tuesday, Twitter accused Elon Musk of violating an agreement to buy the social network for $44 billion. mr. Musk, the richest man in the world, tried refuse to purchaseciting the number of fake Twitter accounts and accusing the company of not giving him enough information about the issue and of misrepresenting itself.
In its lawsuit, Twitter sought to show that Mr. Musk’s claims against him were unfounded. Instead, there was Mr. The company said Musk had violated the agreement. Twitter was merciless, calling his escape strategy “a paragon of hypocrisy” and “a paragon of dishonesty.” He backed up his argument with the billionaire’s numerous tweets.
Here are the highlights that Twitter has made to try and show that it was not in breach of the deal and that mr. The mask was.
Twitter reports that this gave Mr. Mask needs to disclose information about spam accounts.
Contrary to Mr. Musk’s claims that Twitter is blocking his efforts to collect information about spam accounts, the company said in its lawsuit that it provided him with the data. When Mr. Musk asked for information, the company granted some of his requests.like handing over your so-called fire hoseor fast flow or tweets.
But even when he did, Twitter said in his lawsuit, mr. Musk’s demands for information became increasingly irrational.
“From the very beginning, the defendants’ information requests were intended to try to derail the deal,” the lawsuit says. “Musk’s increasingly outlandish requests reflect not a genuine study of Twitter’s processes, but a litigation-based campaign to try and fix Twitter’s non-cooperation.”
Twitter says it ran its business as usual and kept Mr Musk updated.
mr. Musk said another reason he wanted out of the deal was because Twitter wasn’t doing business as he expected at the time the deal closed. Among other things, Mr Musk said Twitter slowed down hiring and didn’t warn him until the recent layoffs of two executiveswhich, according to him, violated the terms of the deal.
But Twitter said in its lawsuit that the hiring slowdown is due to the fact that Mr. Musk told the company he wanted. The company added that it notified M. Musk’s lawyers of their decision to fire the two executives and that the lawyers had “no objection.” The lawsuit does not say when Mr. Musk’s lawyers were notified of these decisions.
Twitter says Mr. Musk violated the deal by ceasing attempts to close the deal.
Under the terms of the agreement, Mr. Musk must use “all reasonable efforts” to close the deal, including securing debt financing for the $44 billion purchase.
But Twitter said in its lawsuit that Mr. It looks like Musk has given up on trying to complete his debt financing, which is against the deal. Additionally, the company said it disappeared when Twitter executives, including Ned Segal, its chief financial officer, were contacted to discuss numbers about the spam accounts Mr. White had sold. Musk expressed concern.
mr. According to the lawsuit, Musk also got rid of executives who helped him close the deal, such as Bob Swan, a former Intel chief executive. On June 23, Mr. Musk tweeted that “he asked Swan to ‘drop the deal because we’re not on the same page,'” the lawsuit says.
Twitter says Mr. Musk breached the deal by vilifying the company.
The deal also stated that Mr. Musk could not demean Twitter or its employees in tweets. However, he did this several times, according to Twitter, in violation of the agreement.
The lawsuit includes screenshots of several Mr. Musk’s tweets, including one saying that a lawyer from Twitter told him that he had violated a non-disclosure agreement. In another city, Musk used the poop emoji in response to a tweet by Parag Agrawal, CEO of Twitter. In addition, Twitter pointed to Mr. Musk’s comments on Twitter and at conferences have publicly questioned the veracity of Twitter’s disclosure of its spam accounts.