Musk's countersuit claims that Twitter breached its obligations under his $44 billion acquisition agreement by misrepresenting the total number of spam and fake accounts on its platform.
"Confronted with Zatko’s devastating analysis, Twitter did exactly what it did to Elon Musk when he started raising questions about the false and spam accounts and mDAU: Ignored and concealed the problems and attacked the messenger," Musk's amended countersuit states"As for Musk, Twitter stonewalled his information requests, violating his rights under the Merger Agreement, and then launched this meritless lawsuit after he justifiably terminated the deal.
"In short, the Musk Parties and Twitter’s many other investors were sold a different company than the Twitter that actually exists—one that was more valuable, more popular, more secure, and more compliant with governing law," the suit adds.CLICK HERE TO READ MORE ON FOX BUSINESS The amended countersuit comes as Twitter prepares to take Musk to court in a five-day legal trial set to kick off on Oct. 17. In addition to the countersuit, Musk has filed three separate termination notices in an effort to walk away from the deal, which Twitter has called "invalid and wrongful."
"Mr. Musk’s claims are factually inaccurate, legally insufficient and commercially irrelevant," a Twitter spokesperson told FOX Business on Friday. "We look forward to the trial in the Delaware Court of Chancery."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Twitter shareholders have approved the $44 billion sale to Elon MuskNearly all of Twitter's shareholders have voted to approve the buyout deal with Tesla CEO Elon Musk, who agreed to buy the company for $44 billion but has since tried to back out.
Read more »
Ramaswamy: Elon Musk paved the way for Twitter shareholders to speak out against censorship practices'Nation of Victims' author Vivek Ramaswamy says social media shareholders are mostly everyday American citizens who can stand up for free speech principles.
Read more »
Elon Musk accuses Twitter of security lapses in court filingBillionaire Elon Musk accused Twitter Inc of fraud by concealing serious flaws in the social media company's data security, which the entrepreneur said should allow him to end his $44 billion deal for the company, according to a Thursday court filing.
Read more »
How It Happened: Elon Musk vs. TwitterTwitter and Musk are two powerful forces that rose to prominence and reshaped our world. Now the world’s richest man could own the global public square and reshape social media or something like that.
Read more »
The People Looking for Dirt to Discredit Twitter Whistleblower “Mudge” Are Not Going to Find ItThere's no reason to doubt what Mudge was saying about Twitter—no reason to doubt anything that he says about anything.
Read more »
Elon Musk’s ex-girlfriend from Penn got more than $165,000 for old relationship mementosDaily News | Elon Musk’s ex-girlfriend from Penn got more than $165,000 for old relationship mementos
Read more »