The circle is complete: Elon Musk, the richest man in the world, is at the center of a legal saga with the social network Twitter. While he is being taken to court for non-compliance with his commitments, the boss of Tesla has decided to take the lead by filing a complaint against Twitter in the Delaware court.
The love story between Twitter and Elon Musk didn’t last very long. Decided for a few months to buy the social network Twitter, the boss of Tesla retracted: finally the agreement was not concluded, as we already anticipated. As a result, the platform accuses the American billionaire for renunciation of his buyout commitment. The company therefore logically submitted the case to justice, except that instead of defending himself, Elon Musk would have decided in turn to file a complaint against Twitter in front of the Delaware court.
This counter-offensive is well calculated, given that it occurs only a few days after the formalization of the date of lawsuit filed by Twitter. It is certainly the beginning of a long legal epic that we will follow for you. As a reminder, the two parties have a first meeting by October 17.
In the meantime, it should be noted that this complaint from Elon Musk has not been made public, it has remained confidential so far. But the argument put forward by the latter would be based on false information transmitted by Twitter. According to our source, the social network would have transmitted erroneous figures on the monetizable users of the site, once the offer of the billionaire accepted. Elon Musk would advance the argument that Twitter lied about its number of redeemable users.
Elon Musk responds to Twitter’s complaint by filing a complaint in turn
It all started in April when, against all odds, the American billionaire decided to acquire Twitter for a tidy sum of 44 billion euros. At that time, nothing predicted the legal saga that we know today. But in July, Elon Musk will disengage, believing that he has been fooled by the Twitter company. The San Francisco-based company’s figures for automated accounts and spam are incorrect, he said.
A reversal of jacket that had not pleased Twitter, which in the process filed a complaint with the Delaware court on July 12. The idea being to force the biggest fortune in the world to respect its commitment. In the absence of redemption, the social network would at least like to collect from Elon Musk, the compensation for unilateral breach of contract. The firm in turn denies any allegation about the figures it would have transmitted, it maintains that less than 5% of active account holders are inauthentic.
Enough to convince Elon Musk? Not sure, since he also filed his complaint against Twitter to everyone’s surprise, still before the Delaware court. It must be said that the social network is going through a rather delicate period with titles that have fallen and the drop in advertising revenue. This other case is likely to tarnish its image a little inside for a few months.