Centbillionaire Elon Musk has taunted Twitter, calling the company’s chief executive a “public debate” over fake accounts and spam amid a controversial legal battle over a $44 billion acquisition. (CEO) challenged Parag Agrawal.
Musk bid on the stock exchange to acquire Twitter in April of this year. After the two companies agreed to proceed with a private transaction, Musk said he was ditching the acquisition, saying that Twitter would be able to monetize his daily active user count and social media, including his SEC filings. spam and bot his account on his network.
Twitter then sued Musk in full court in Delaware to ensure the deal was done as promised, and Musk filed counterclaims and counterclaims on July 29.
In a series of tweets that Musk began posting just before 1 a.m. Saturday, August 6, Musk accused Twitter of sabotaging him and giving him “outdated data” and “outdated data.” interacted with a fan who summarized his accusations on Twitter, including When I asked the company for details on how he aggregates mDAU and how he estimates spam accounts and bot accounts, he replied, “Fake datasets.”
The CEOs of Tesla and SpaceX wrote: Any filing with the SEC is materially false and should not be. ”
By 9 a.m. Saturday, Musk opened a poll on Twitter, telling his followers, “[l]Fewer than 5% of Twitter’s daily users are fake/spam.” Respondents to an informal poll said masks reading either ‘yes’ followed by three robot emojis, or ‘Lmaooo no’ I was able to choose one of the answers in.” stands for “laughing my a– off.”
Musk also wrote on Saturday morning:
A source close to the company said no discussion will take place outside of pending litigation.
Musk’s attorney did not respond to a request for comment on Saturday, and Twitter’s attorney declined to comment on Musk’s tweet on Saturday.
Twitter’s attorneys said in court that Musk had given the company just 24 hours to accept his proposal before presenting it directly to Twitter shareholders, and due diligence, including the opportunity to seek more information about false or spammy accounts. claimed to have abandoned the
“Musk’s repeated misunderstandings about the merger agreement cannot change its plain language,” they wrote in the court filing.
At Tesla’s annual shareholder meeting on August 4, Musk was asked to speak on Twitter during a question-and-answer session following a proxy vote.
Inviting laughter from the audience in attendance, he said, “Obviously you have to be a little bit careful what you say about Twitter with this lawsuit and all that. He owns two publicly traded securities, Tesla and Twitter. He admitted that he was the only
And he spoke as if he still wants to be the owner of a social networking company. This is in stark contrast to the claims Musk made through his attorneys in his Delaware legal papers, which Musk claims he didn’t have to make a deal.
Speaking at the Tesla 2022 shareholder meeting, Musk said: So I think he has a good sense of where to direct his team to the engineering of Twitter to fundamentally improve. ”
He said Twitter would “help accelerate” the “pretty grand vision” he had to build the business he had in mind since his early days as tech entrepreneur X.com or X Corporation. added.
“You can of course start from scratch, but I think Twitter can help accelerate that by three to five years. You don’t have to have Twitter for that, but like I said, it’s probably It’s been a catalyst for at least three years and I think it’s going to be very helpful to the world.”
Musk didn’t go into any further details at that meeting. He reportedly said he sees Twitter as a platform that can evolve into a “super app” like China’s WeChat, with a robust app ecosystem for everything from messages, videos and social media to mobile and point-of-sale payments. is incorporated into
Unless they reach a settlement first, Twitter and Musk face a five-day trial in Delaware beginning October 17.
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