The Musk argument against paying $44 billion for Twitter.
Now, you can read the entire argument Elon Musk’s lawyers are making that his latest change of heart is actually all Twitter’s fault, laid outYou know the basics of the story. Musk bought a bunch of Twitter shares. Musk agreed to take a seat on the company’s board and promised not to try to buy Twitter. Then, he changed his mind, lined up the necessary financing using some of his shares in Tesla, and eventually agreed to a $44 billion deal to buy Twitter.
In the latter half, it also includes the Musk team’s answers to Twitter’s lawsuit, if you want to read a very expensive argument in full.Whether you agree with Musk’s lawyers or Twitter’s, getting the document in one piece is certainly easier to follow. He claims Twitter is lying about stats reflecting its active user count and how many of them are bots and that this fraud he’s alleging is contributing to a “Material Adverse Effect” that should let him walk away from the deal they signed.
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