Elon Musk plans to sue Twitter

The whimsical businessman is already being sued by the platform after having given up buying the social network in early July.

Elon Musk, who is being sued by Twitter for reneging on his commitment to acquire the social network, counterattacked on Friday by filing a lawsuit against Twitter in a Delaware court, says the wall street journal. This confidential complaint is not yet publicly available.

In what promises to be an escalation of legal battles, the Tesla boss filed his counter-suit shortly after the judge overseeing Twitter’s lawsuit decided on an Oct. 17 date for the start of hostilities.

One of Elon Musk’s requests relates to the allegation that Twitter lied about its number of redeemable users after accepting his offer to buy, the newspaper understands.

A lawsuit filed against Musk by Twitter on July 12

Elon Musk had announced in April his intention to buy the social network for 44 billion dollars but had finally declared at the beginning of July that he was ending the agreement on the grounds that the San Francisco-based company had, according to him, lied about the proportion of automated and spam accounts on its platform.

Twitter had filed a complaint on July 12 in a court in Delaware (northeast) to force the richest man in the world to honor his buyout commitment. The social network, which claims less than 5% of its active users are inauthentic, is seeking to enforce the agreement or seek severance pay, estimated at $1 billion.

Elon Musk had pledged to offer $54.20 per Twitter share. But between the general decline in the stock market in recent months, the fall in advertising revenue which affects the social network and the criticism of the billionaire in the public square, the title of Twitter had quickly collapsed to fall to around 32 dollars on the 11 July, the day before his complaint against Elon Musk. It was trading at $41.61 on Friday.

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