8:54 p.m., August 5, 2022
The richest man on the planet continues his fight against the blue bird. Elon Musk is seeking to break the $44 billion deal he signed to buy Twitter. To get rid of it, the boss of Tesla and SpaceX pulls out the heavy artillery by making heavy accusations.
In arguments filed Thursday night in a Delaware state business court, the multi-billionaire accused Twitter of “fraud.” The falsification would relate to the number of monetizable accounts of the social network, according to a 165-page legal document consulted Friday by Agence France-Presse. Elon Musk’s lawyers accuse the opposing party of having ” masked the truth on the number of 238 million monetizable daily users claimed by the social network.
There would be around 65 million fewer daily users, according to Elon Musk’s lawyers. Furthermore, ” most advertisements “would only be broadcast” with less than 16 million users, a fraction of what Twitter claims. In the complaint, ” distorted representations ” of the social network with the logo in the shape of a bird are qualified as “ sins “. ” Twitter frantically blocked information from circulating in a desperate attempt to prevent the discovery of the fraud “, can we read there.
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The judicial soap opera of the summer
In mid-July, Twitter sued Elon Musk in the Delaware Court of Chancery, a court specializing in business law, to force him to honor his acquisition commitment: 44 billion dollars. Two weeks later, the richest man in the world had counter-attacked with a complaint “ confidential “.
Elon Musk approached Twitter in April, then signed a takeover agreement, before unilaterally ending it in early July, on the grounds that the San Francisco-based company allegedly lied about the proportion of automated accounts and spam on its platform. The trial is due to start on October 17.