free counter
World

Twitter slams Elon Musk’s reaction to its lawsuit

We still don’t possess Elon Musk’s reaction to Twitter’s lawsuit over his efforts to back out of his $44 billion acquisition, but we do will have Twitter’s response to Musk’s counterclaims.

The picture as a whole: Par for the course in this bizarre situation.

Backstory: Musk had filed the documents last Friday under seal, this provides you with Twitter time and energy to request redactions of what it considers to be confidential information.

  • A judge ruled that Musk’s documents should be unsealed by the finish of Friday, although Twitter’s new filing is really a twofer for the reason that it responds to numerous of Musk’s claims.
  • It is also worth noting that Twitter ultimately opted against redactions.

What we’ve learned: Musk is leaning heavily on the theory that Twitter misrepresented key user metrics, including monetizable daily active users, which Twitter denies.

  • Musk, Twitter says, tries to claim he was “hoodwinked” (Twitter’s language) by Twitter into signing the $44 billion merger agreement by asserting that Twitter breached its merger agreement by stonewalling information requests.
  • He also claims he’s got the proper to leave from the offer if Twitter was miscounting the amount of false or spam accounts, per Twitter’s response. Musk attacks Twitters process for the amount of false or spam accounts predicated on their own calculations, which Twitter argues is unreliable.

The picture as a whole: Twitter said Musk’s reaction to its lawsuit includes “repeated mischaracterizations” of the merger agreement, specifically round the metrics Twitter provided.

  • So that they can escape the offer, Twitter said, Musk requires a swing at “alleged inaccuracies” in the companys user metrics disclosures because he neglects to recognize “any false or misleading statement of fact in his disclosure.”
  • Twitter says Musk “invents representations” that Twitter never made about its metrics “and tries to wield, selectively, the extensive confidential data Twitter provided him to conjure a breach of these purported representations.”

Go deeper: Timeline of Elon Musk and Twitter

Editor’s note: This story has been updated with additional details throughout.

Read More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker