Billionaire Elon Musk has angered Twitter in a contentious legal battle over a $44 billion takeover and challenged the company’s chief executive, Parag Agrawal, to ‘publicize’ over fake accounts and spam debate”.
Musk submitted an offer to buy Twitter with the U.S. Securities and Exchange Commission in April. After the two companies agreed to go ahead with a going-private deal, Musk said he would end the acquisition and accused Twitter of providing false numbers, including in its SEC filing, about monetizable daily active users number, as well as spam and bot accounts on social networks.
Twitter then sued Musk in Delaware justice court to ensure the deal went through as promised, where Musk filed a countersuit and a counterclaim on July 29.
In a series of tweets that Musk started before 1 a.m. on Saturday, August 6, Musk said: Interact with fans When he asked the company for details on how mDAU was tabulated and estimates for spam and bot accounts, he summarized his allegations against Twitter, including that it hindered him and provided him with “outdated data” and “fake” data set”.
Tesla and SpaceX CEOs write“That sums it up nicely. If Twitter just provided their method of sampling 100 accounts and how to confirm that those accounts were genuine, then the transaction should have been on the original terms. However, if it turns out that they traded to U.S. securities The committee’s filing is largely false, then it shouldn’t.”
Just after 9 a.m. Saturday, Musk Start a twitter poll Ask his followers to vote on whether to ‘[l]Less than 5% of everyday Twitter users are fake/spam. Respondents to the informal poll could choose one of the answers Musk offered, namely “yes” followed by three robotic emojis, or “Lmaooo no.” (The slang abbreviation “lmao” stands for “laugh at me-close” .)
Musk’s lawyers did not respond to requests for comment on Saturday, and Twitter’s lawyers declined to comment on Musk’s Saturday tweets. Twitter did not respond to a request for comment.
At Tesla’s annual shareholder meeting on Aug. 4, Musk was asked to talk about Twitter during a question-and-answer session after the proxy vote.
He sayseliciting laughter from the audience, “I obviously have to be careful about what I say about Twitter because there’s this lawsuit or something.” He confirmed that the only two publicly traded securities he owns are Tesla and Twitter. special.
He then spoke as if he still wanted to be the owner of the social networking company, in stark contrast to the arguments Musk has made in Delaware legal filings through his lawyers, which Musk believes he shouldn’t Complete this deal.
At Tesla’s 2022 shareholder meeting, Musk said: “I think in terms of Twitter, because I use it a lot, shoot myself in the foot a lot, you know, dig my grave, etc. I think it’s —I do understand the product very well, so I think I have a good idea of where to point Twitter’s engineering team to make it fundamentally better.”
He added that Twitter will “help accelerate” a “pretty grand vision” that he has to build a business he’s been thinking about since his early days as a tech entrepreneur, X.com or X Corporation.
“Obviously this can be done from scratch,” he said, “but I think Twitter will help accelerate that process by three to five years. So it’s kind of like something that I think will be very useful for a long time. I know doing Don’t have to have Twitter for that, but like I said, it’s probably at least a three-year accelerant, and I think it’s going to be very useful to the world.”
Musk didn’t reveal any further details at that meeting.However, he reportedly said during the town hall In a meeting with Twitter employees in June, he hoped to grow Twitter’s user base to 1 billion people and saw Twitter as a platform that could grow into apps like China’s WeChat, a “super app” that includes messaging, Video and social media, mobile and point-of-sale payments, and a robust app ecosystem.
Twitter and Musk will face a five-day trial in Delaware on Oct. 17 unless they settle first. The judge who ruled on the case was Prime Minister Catherine St. J. McCormick.