(AOF) – Lawyers for Elon Musk have issued a subpoena to former Twitter chief executive Jack Dorsey in connection with the social media company’s acquisition saga. The latter sued Elon Musk to force him to go through with his $44 billion acquisition plan.
In April, the Tesla founder agreed to buy Twitter, but said in July he was ending the deal due to concerns about bot activity on Twitter and the accuracy of Twitter’s public statements. on the prevalence of bot accounts. Jack Dorsey co-founded Twitter, but stepped down as CEO in November 2021.
Elon Musk is seeking evidence from Jack Dorsey that there are fake accounts on the site.
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The serious European adjustment of the Internet giants
An agreement was reached on March 24 on the supervision of Internet giants, with new legislation on digital markets, the Digital Markets Act (DMA). This text aims to regulate the anti-competitive practices of the main players. With the DMA, the European Commission sets a framework to be respected, the sector now being subject to regulations similar to those of the energy, banking or telecommunications sectors. The scale of fines has also been adapted to the economic power of those involved: in the event of an infringement, they may represent 6% to 20% of global turnover. In the event of a repeat offence, business transfers may be imposed. On the other hand, in the United States, the regulatory process has still not succeeded despite the authorities’ determination.