Musk knows that he can be sued for millions of dollars if he doesn't stop writing. Does that make him take a deep breath? It's certainly not. The billionaire is being sued by the social media company for attempting to end his $44 billion deal to acquire the company. The social media company filed on Tuesday in Delaware's Chancery Court. The lawsuit was filed to get Musk to go through with the acquisition. The company believes that Musk tried to pull out of the deal after the market soured. Musk said through his lawyers that the social media platform had violated the merger agreement by not sharing information on the number of fake accounts on its platform. Data was shared with Musk by the social network. Twitted fired top executives, slowed hiring, and failed to retain key personnel, according to him. We can still look at the evidence ourselves if the court allows the case to go to trial. Next, you will see the 10 Musk tweets that were so important that they were included in a multi-billion dollar lawsuit. They are not the only ones mentioned. Is the company's case a success or a failure? The judge is you. The CEO cheerfully declared on April 21 that he would defeat the bots if he got out of the deal. The merger deal was announced on April 25th. Musk frequently expressed annoyance with the fake accounts on the social networking site. According to the company, on the day that Musk announced he wanted to buy the company, he sent a text to the company's board chairman stating that he would have to purge fake users from the platform. According to the lawsuit, Musk said on April 14 that it would be a priority for him at the micro-blogging site. Less than two weeks after announcing the deal to acquire the micro-messaging service, Musk said on May 13 that the deal is "temporarily on hold." He explained that he was waiting for information to support the company's claim. In the lawsuit, you can almost hear it. According to the company's lawyers, the story Musk linked to was a report on the company's 10-Q filing made in May of 2022, and contained the same heavily qualified 5% estimate that had been disclosed in its SEC filings for the past three years. Musk did not stop writing on May 13th. He said that he was going to analyze a random sample of 100 users and find out how many of them were bots. The billionaire told his millions of followers to do the same. Random sampling is fine. Musk said on May 13 that if many people get the same results, that will be a sign. The misrepresentation was made due to the fact that it had met with Musk before he said he would use 100 as the sample size. On May 14, Musk ranted about his team complaining that he violated his agreement by revealing the sample size they used to check their bot numbers. It is a stretch to say that Muskboasted publicly about breaking the non-disclosure agreements. He sounded more upset. The provisions prohibiting public comments not consented to by Musk, as well as the misuse of information provided under Section 6.4 require best efforts to complete the merger, according to a statement from the company. A thread explaining the company's process was published two days later. The CEO of the company explained that it uses a manual human review to reach its decision on whether or not to block a certain number of accounts. Due to the critical need to use both public and private information, it was not possible to conduct an external estimation of the number of fake accounts on the social networking site. It was pointed out in the lawsuit that Musk was making a mockery of the company. On May 17th, Musk asked the public if they believed that most of the users of the micro-blogging site were real, unique humans. The answers were a crying while laughing and a robot one. Half of the 1.5 million votes were for crying while laughing. In reply to a user suggesting that the Securities and Exchange Commission should investigate, Musk called on the agency himself. I would like to speak to the SEC Gov, anyone home? Musk sent a message. The billionaire's non-disparagement agreement is alleged to have been violated by this. Musk returned to one of his favorite times, posting a meme, days after he told his followers that he wanted to end the deal. He posted a meme of himself insinuating that he will have to reveal the true number of bots on the platform in court. The meme shows that Musk did not make data requests in order to help him make an assessment of the deal. In the early morning of July 11th, Musk posted a message implying that his data requests were never intended to make progress towards consummating the merger, but rather were part of a plan to force litigation in which Twitter's information would be publicly disclosed. Musk wrote "Chuckmate" in the meme, which seems to suggest that he had won. It isn't clear whether he succeeded in getting out of the deal or not. The uproar on Musk's behavior is obvious in the lawsuit. It would seem that the interests of its stockholders, the transaction Musk agreed to, and the court process to enforce it all constitute an elaborate joke for Musk. On July 11, Musk responded to a user who said that the SEC should look into the number of fake accounts on the platform. Musk sent a message to the SEC Gov. He needed to say "it's me" to make this into a song. In reference to the call to the regulatory agency, the company stated that it was clear that Musk wanted out of the binding agreement no one forced him to enter into. The company isn't incorrect. How much damage Musk will cause in this situation and whether the social media platform can survive it are the open questions. There is no doubt that the lawsuit will have to be updated in the near future due to Musk's obsession with the social media site. Will they make a difference in the case? It will only be time that tells. 11/12/2018 There are a lot of great games for sale on local websites. Under the guise of Prime Day, Amazon clears out its warehouses. There are things to avoid. The reservoir has reached some of the lowest levels in its 80 year history due to the lack of rain. NASA has an annual contest for photographers who work at the space agency.
All Rights Reserved © 2024
