A lawsuit was filed on Tuesday accusing Musk of breaching an agreement to buy the social media company. Mr. Musk tried to back out of the acquisition after accusing the company of not giving him enough information about the issue.
There were no merit to Mr. Musk's claims against it. The company said that Mr. Musk was in violation of the agreement. He was called a model of bad faith and a model of hypocrisy by the social media site. The billionaire backed up its argument with a lot of posts.
The main points that were made by the company were that it was not in violation of the agreement and that Mr. Musk was.
The company said in its lawsuit that it had provided Mr. Musk with the data he was looking for. The company honored some of Mr. Musk's requests, such as handing over its fire hose or huge stream of tweets.
Even as it did so, Mr. Musk's demands became irrational.
The information requests were designed to try to tank the deal. Musk is attempting a litigation-driven campaign to create a record of noncooperation on the part of the company.
Under the terms of the deal, Mr. Musk argues that the public disclosures that about 5 percent of its users are bots are misleading. Since January, Mr. Musk has required that the disclosures be accurate.
The figures were warned in the regulatory filing. The company's chief executive, Parag Agrawal, has outlined how the company is able to detect and fight fake accounts. The existence of bots was one of the reasons why Mr. Musk wanted to buy the company.
Mr. Musk said that he wanted to pull out of the deal because he didn't think it would work out. Mr. Musk said that the company slowed its hiring and did not give him a heads up before it fired two executives.
In its lawsuit, the company said it was in line with what Mr. Musk wanted. The company informed Mr. Musk's lawyers of the decision to let go of the two executives. The suit didn't say when Mr. Musk's lawyers were made aware of the decisions.
The agreement requires Mr. Musk to use reasonable best efforts to close the deal.
According to the lawsuit, Mr. Musk seemed to abandon efforts to complete his debt financing. Ned Segal, the company's chief financial officer, reached out to Mr. Musk to discuss the figures about the accounts that he was worried about.
Bob Swan, a former chief executive of Intel, was one of the executives that Mr. Musk apparently got rid of. Mr. Musk said on June 23 that he asked Swan to leave the deal proceedings as they were not on the same wavelength.
According to the deal contract, Mr. Musk couldn't make fun of the employees of the company in his social media postings. He did so many times that he violated the agreement.
The lawsuit included a number of Mr. Musk's social media posts. Mr. Musk used a poop symbol in response to a message from Mr. It was pointed out that Mr. Musk doubted the authenticity of the accounts that were disclosed by the company.
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