Twitter shareholder is now also suing Elon Musk – ICT News

A shareholder of the social network Twitter is taking billionaire Elon Musk to court. Last month, Musk canceled a $44 billion takeover deal from Twitter.

This is a person who owns 5,500 Twitter shares. He accuses Musk of breach of contract on the basis of spurious reasons and wants the agreement to go through. By filing this complaint, the shareholder intends to launch a collective action against the billionaire.

Musk, the founder of electric car maker Tesla and aerospace firm SpaceX, announced in April his intention to buy Twitter for $44 billion. Last month, however, he backtracked, saying the platform had not been transparent enough about the number of fake accounts and spam. Twitter then dragged Musk in person before the judge in an attempt to compel the contractor to honor his commitments. The trial will begin on October 17. Last Friday, we learned that Musk himself had filed a complaint against Twitter. The procedure is underway in a court in the US state of Delaware, where the Twitter shareholder also filed his complaint.

This is a person who owns 5,500 Twitter shares. He accuses Musk of breach of contract on the basis of spurious reasons and wants the agreement to go through. By filing this complaint, the shareholder intends to launch a class action against the billionaire. Musk, the founder of the electric car manufacturer Tesla and the aeronautical firm SpaceX, announced in April his intention to buy Twitter for 44 billion dollars. Last month, however, he backtracked, saying the platform had not been transparent enough about the number of fake accounts and spam. Twitter then dragged Musk in person before the judge in an attempt to compel the contractor to honor his commitments. The trial will begin on October 17. Last Friday, we learned that Musk himself had filed a complaint against Twitter. The procedure is underway in a court in the US state of Delaware, where the Twitter shareholder also filed his complaint.

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