Twitter dismisses Musk’s counterclaim claims with a lot of sarcasm

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Twitter has sued a response rebutting Elon Musk’s counterclaims about the company he was supposed to acquire — a deal he is trying to break by claiming that Twitter has fraudulently misrepresented the number of fake accounts on the platform. In a 127-page document, Twitter refutes Musk’s various claims, stating that they are “a story made for a trial that defies evidence and common sense.” Ouch!

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The social network noted in a statement that these counterclaims “do not justify Musk’s plan to violate the merger agreement” and accused them of being an attempt to evade the agreement due to the downturn in the market.

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“According to Musk, he — a multi-billionaire founder who was advised by Wall Street bankers and lawyers — was tricked by Twitter into signing a $44 billion merger agreement. This story is as far-fetched and counterintuitive as it sounds,” Twitter quipped in a document released Thursday.

Twitter chairman Brett Taylor also posted criticism on the social network of Musk’s statements as “factually inaccurate, legally inadequate, and commercially inappropriate.”

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Musk’s lawyers have filed 90-page counterclaims in the Delaware Court of Chancery, and Twitter’s response is taking them point by point.

Lawyers for the social network pointed out that Musk, at first, misunderstood many of Twitter’s metrics. For example, he confused monetized daily users with monetized daily users. The first is a metric that Twitter regularly uses to measure its growth in its quarterly earnings report.

“…mDAU represents an opportunity to monetize these users, not a confirmation that each user was generating ad revenue on any given day,” Twitter explained.

The response on Twitter is full of arch-legal reparations trying to show that Musk’s claims are ridiculous.

So expect sentences like: “Because paragraph 7 contains claims about Musk’s ‘thesis’, Twitter lacks sufficient knowledge or information to form a belief in the truth of the alleged facts and denies them on that basis.

This was said in response to Musk’s accusation that spam accounts have a big impact on public discourse.

“Musk invents representations that Twitter has never made, and then attempts to selectively use the vast amounts of sensitive data that Twitter has given him to instigate a violation of those supposed representations,” Twitter wrote. “However, Musk simultaneously and incoherently claims that Twitter violated the merger agreement by blocking his information requests.”

Twitter’s announcement comes amid a series of legal moves on both sides, similar to a game of legislative tennis.

After Twitter sued Musk last montha Delaware judge set a trial for place October 17. A few days later Musk counterclaimed on social media and the case papers were sealed. Twitter responded by subpoenaing Musk’s associates, including Peter Theil Venture Capital Founders Foundation and investors Joe Lonsdale and David Sachs. In retaliation, Tesla CEO’s lawyers Summons JPMorgan Chase and Goldman Sachs firms that advised Twitter on acquisitions.

Musk agreed to buy Twitter for $54.20 a share in a $44 billion deal, but the shares have fallen significantly since the agreement was signed. drop to $32.65 in July. Twitter is trading at $41.77 today.




Credit: techcrunch.com /

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