Elon Musk countersuit accuses Twitter of fraud
Elon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he said held back necessary information and misled his team about its true user base.
The countersuit by the billionaire and Tesla CEO alleges that Twitter committed fraud, breach of contract and violation of the Texas Securities Act.
Musk's counterclaims were filed confidentially last week and unsealed in a filing late Thursday at the Delaware Chancery Court.
Musk had offered to buy Twitter earlier this year, then tried to back out of the deal by claiming the social platform was infested with a larger numbers of 바카라 게임 웹사이트spam bots바카라 게임 웹사이트 and fake accounts than Twitter had disclosed.
Twitter sued to force him to complete the acquisition. Musk responded by filing his countersuit.
Musk's attorneys argued that Twitter 바카라 게임 웹사이트misrepresentations or omissions바카라 게임 웹사이트 distorted Twitter바카라 게임 웹사이트s value and caused Musk to agree to buy it at an inflated price. They said Twitter바카라 게임 웹사이트s own disclosures revealed that it has 65 million fewer 바카라 게임 웹사이트monetizable daily active users,바카라 게임 웹사이트 who can be shown digital ads, than the 238 million that Twitter claims.
The filing also said most of Twitter's ads are shown only to a sliver of the company's user base.
In an unexpected twist, Twitter filed its response denying Musk's accusations before Musk바카라 게임 웹사이트s own counterclaims surfaced.
Twitter called Musk바카라 게임 웹사이트s reasoning 바카라 게임 웹사이트a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive.바카라 게임 웹사이트
The case is scheduled to go to trial on October 17.