The American billionaire believes there are more spam accounts on the social network Twitter than its managers told him.
Twitter has asked in court from the head of Tesla and SpaceX, Elon Musk, to complete the deal to acquire the social network worth $ 44 billion, accusing him of refusing to fulfill obligations to the platform and its shareholders. On Tuesday, July 12, The New York Times wrote.
According to the publication, the case was filed in the Chancery Court of the U.S. state of Delaware.
“Twitter is filing this lawsuit to prevent Musk from further violating, force Musk to comply with his legal obligations, and force the completion of the merger operation if certain conditions are met,” the document filed with Delaware Court of Chancery.
Twitter also said it trusts its share of spam accounts, adding that it uses spam experts to verify the number and make sure it is accurate.
Musk had earlier notified Twitter that it was leaving a deal to buy the social network. According to the leaked document, Musk is exercising his right to “terminate the merger agreement and withdraw from the transaction it intended.” According to Musk, the social network underestimates the number of fake and spam accounts, saying that their number will not exceed 5% of users.
After media reports about Twitter’s intention to sue, Musk posted on the social network a post in which he indicated that during the trial, the company would be required to disclose data about spam bots and fake accounts. .
Recall, Skadden Arps attorney Mike Ringler said “Twitter has not fulfilled its contractual obligations.”
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.