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Elon Musk alleges much weaker interaction with Twitter accounts lately

Twitter filed lawsuit against Elon Musk after he decided to pull out of $44 billion takeover deal

Washington:

Amid the ongoing legal battle against Twitter, Tesla CEO Elon Musk said “interaction with almost all Twitter accounts seems to be much lower lately.” Taking to Twitter, Musk on Thursday wrote, “Interaction with almost all Twitter accounts seems to be much lower in recent weeks and days. Accurate?”

In another tweet, Musk added, “Tesla + Twitter -> Twizzler.”

Musk’s tweet prompted several comments.

One user wrote: “It’s true.”

However, there is one user who mocked Musk’s tweet saying, “No, Elon. We’re actively ignoring you. Also, are you so vain that you measure your life by degrees of engagement on Twitter? “

A few days ago, the microblogging site filed a lawsuit against Musk after he decided to pull out of the $44 billion takeover deal.

Twitter filed a motion to expedite proceedings and requested a four-day trial in September. Musk’s legal team opposed the motion.

“Twitter is bringing this action to enjoin Musk from further violations to compel Musk to fulfill his legal obligations and compel the consummation of the merger upon the satisfaction of a few outstanding conditions,” the social media site wrote in the lawsuit. The lawsuit marks the start of what could be a long legal battle as Twitter seeks to compel Musk to honor his agreement to pay $54.20 per share for the company.

Twitter, which is replaced by powerhouse law firm Wachtell, Lipton, Rosen & Katz, alleged Musk was seeking to evade the deal, which required a “significant adverse effect” or breach of contract.

“Musk must have tried to ward off one,” the lawsuit said. Musk announced the termination of a $44 billion purchase deal on Twitter in a letter sent by Musk’s team to Twitter earlier in July.

Musk decided to put the deal on hold due to multiple breaches of the purchase agreement. In April, Musk reached an acquisition deal with Twitter at $54.20 per share in a deal valued at around $44 billion. However, Musk suspended the deal in May to allow his team to examine the veracity of Twitter’s claim that less than 5% of accounts on the platform are bots or spam.

Last June, Musk openly accused the microblogging website of violating the merger agreement and threatened to walk away and reverse the acquisition of the social media company for failing to provide the data it needed. he had asked about spam and fake accounts.

Musk alleged that Twitter was “actively resisting and frustrating his rights to information” as stated in the agreement, CNN reported, citing the letter he sent to Twitter’s chief legal, policy and trust officer, Vijaya Gadde.

Musk demanded that Twitter provide information about its testing methodologies to back up its claims that bots and fake accounts constitute less than 5% of the platform’s active user base, a figure the company has consistently reported. stated for years in boilerplate public disclosures.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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