The legal battle over Musk's attempt to break his $44 billion acquisition agreement with the social network company has taken a new turn with the subpoena of Jack Dorsey. He will be asked about the impact of bots on the company.
In November of last year, Parag Agrawal became the new CEO of the social networking site. He has supported Musk in the past, and he believes the CEO is the "singular solution" he trusts to operate the company he co- founded.
In principle, I don’t believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.
— jack (@jack) April 26, 2022
Kayvon Beykpour and Bruce Falck were subpoenaed last week by Musk's legal team. They were ousted in May.
A Delaware judge confirmed last month that the trial will take place on October 17th. Musk wanted to delay the trial until next February, but a judge recently ruled that the trial could be held in October.
There have been many twists in the saga since it was first reported in April that Musk wanted to buy the company. Musk claims that he wasn't told how much of his customer base is made up of fake accounts. According to its second-quarter earnings report last month, the company spent $33 million on the pending acquisition.
The social network responded with a 127 page document refuting Musk's claims. According to the social network, the counterclaims fail to justify Musk's plan to disrespect the merger agreement and are an effort on Musk's part to escape the agreement.
Twitter and Elon Musk trial confirmed for October 17
Twitter denies Musk’s countersuit claims with a lot of snark
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