In the midst of a legal battle over a $44 billion acquisition, Musk challenged the company's CEO to a "public debate" about fake accounts.
In April of this year, Musk made a bid to acquire the micro-blogging site. After the companies agreed to move ahead with a take-private deal, Musk said he was ending his acquisition and accusing the company of presenting false numbers.
Musk filed counterclaims and a countersuit in Delaware on July 29 to make sure the deal went through.
In the early hours of Saturday, August 6th, Musk began posting a number of messages on his account.
A good summary of the problem was written by the CEO of the two companies. If the deal is simply about sampling 100 accounts and how they are confirmed to be real, it should go ahead. If it is found that their SEC filing are false, then it should not.
It was just after 9 a.m. Musk asked his followers to vote on whether or not 5% of his daily users are fake. Respondents to the informal poll could choose one of Musk's provided answers which read either "Yes" or "Lmaooo no." LAMA stands for laughing my a-- off.
Musk challenged Paraga to a public debate about the percentage of fake accounts on the social network. A source close to the company says a debate won't happen outside of a pending trial. Attorneys for Musk didn't respond to requests to comment on Saturday and an attorney for Twitter didn't comment on Musk's Saturday message. Attorneys for the company argue that Musk gave the company just twenty-four hours to accept his offer before he would present it to the company's shareholders. The plain words of the merger agreement cannot be changed by Musk's mischaracterizations. During the shareholder meeting, Musk was asked to speak about the social network. He said, drawing laughter from the audience in attendance, that he had to be a little careful about what he said about the social networking site. He said that he only has two publicly traded securities in his portfolio. He spoke as if he still wanted to be the owner of the social networking company, a stark contrast to the arguments made by his attorneys in Delaware in which Musk argued he should not have to go through with the deal. Musk said at the meeting that he would shoot himself in the foot a lot if he used it too much. He said that he needed to build a business he had been thinking about since he was a tech mogul. He said that it would be possible to start from scratch, but that it would take three to five years to get there. I think it would be useful for a while. I am familiar with what to do. I think it will be very useful to the world if you don't have to have a social media account. At the meeting, Musk didn't give any further information. During a town hall meeting with employees of the company in June this year, he said that he wanted to grow the user base of the service to a billion people and that he saw it as a platform that could evolve into an app similar to China's WeChat. If they don't reach a settlement first, a five-day trial in Delaware will start in October. The judge in the case is Chancellor.
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