It’s all over: Elon Musk is the most powerful man in the world and is now at the center of a legal dispute with Twitter. While Elon Musk is being sued over failing to fulfill his obligations, Tesla’s boss has filed a complaint against Twitter at the Delaware District Court. Twitter and Elon Musk didn’t last very long.
After deciding for months to purchase the social network Twitter the Tesla boss withdrew. In the end, the agreement didn’t materialize as we had expected. The platform accuses Elon Musk of not fulfilling his buyout obligation. The company logically brought the matter to court. However, Elon Musk, instead of defending himself, would have filed a complaint against Twitter at the Delaware District Court.
The counter-offensive is very well planned, since it occurs just days after Twitter’s formalized lawsuit. This is the beginning of a long legal journey that we will be following. The first meeting between the sides will be held on October 17. It is important to note that Elon Musk’s complaint has not been made public.
However, the argument of the billionaire is based on false information provided by Twitter. Our source claims that once the offer from the billionaire was accepted, Twitter allegedly published incorrect figures regarding the site’s redeemable user count. Elon Musk would argue that Twitter misrepresented the number redeemable users.
Elon Musk replies to Twitter’s complaint, filing two complaints
It all began in April, when an American billionaire decided against all odds that he would take over Twitter for 44 billion euros. Nothing could have predicted the legal drama we now know. Elon Musk will resign in July believing that he was fooled by Twitter.
He said that the numbers of spam and automated accounts for the San Francisco-based company are incorrect. Twitter filed a lawsuit against the Delaware District Court July 12 to get a change of mind about the jacket. This is a way to make the largest company in the world respect its promise. The social network could in any event sue Elon Musk unilaterally for breaching contract if there is no redemption.
According to the company, it denies all allegations regarding the numbers that it allegedly provided and claims that less than 5 percent of account holders are fake. Is that enough to convince Elon Musk He was not the only one who filed his complaint against Twitter. The social network is currently going through a very delicate period, with declining titles as well as declining advertising revenue. His image will be tarnished for a few more months by this other affair.