Elon Musk Alleges Interaction With Twitter Accounts Much Lower Lately

Elon Musk Claims Twitter Account Interaction Has Been Much Lower Lately

Twitter filed suit against Elon Musk after deciding to pull out of $44 billion acquisition deal

Washington:

Amid the ongoing legal battle against Twitter, Tesla CEO Elon Musk said that “interaction with almost all Twitter accounts seems to be much lower lately”. On Twitter, Musk wrote on Thursday, “The 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 garnered several comments.

One user wrote: “That’s true.”

However, there is one user who mocked Musk’s tweet, saying, “No, Elon. We’re just actively ignoring you. Besides, are you so vain that you measure your life in degrees of Twitter interaction?”

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

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

“Twitter is taking this action to prohibit Musk from committing further breaches to compel Musk to comply with his legal obligations and to force the completion of the merger if the few pending conditions are met,” the social media site wrote. in the lawsuit. The lawsuit marks the start of what could be a lengthy legal battle as Twitter wants Musk to stick to his deal to pay $54.20 a share for the company.

Twitter, which is represented by M&A law firm Wachtell, Lipton, Rosen & Katz, alleged that Musk was seeking an escape from the deal, which required a “material adverse effect” or breach of contract.

“Musk had to try and conjure one,” the lawsuit said. Musk announced the termination of a $44 billion Twitter purchase agreement in a letter Musk’s team sent to Twitter earlier in July.

Musk decided to suspend the deal due to multiple violations of the purchase agreement. In April, Musk reached an acquisition deal with Twitter for $54.20 per share in a transaction worth approximately $44 billion. However, Musk put the deal on hold in May to allow his team to assess the truth of Twitter’s claim that less than 5 percent of accounts on the platform are bots or spam.

In June, Musk had openly accused the microblogging website of violating the merger agreement and threatening to walk away and cancel the takeover of the social media company for failing to provide the spam and fake account data he requested.

Musk claimed that Twitter is “actively opposing and thwarting its information rights” as set forth in the deal, CNN reported, citing the letter he sent to Twitter’s head of legal affairs, policy and trust, Vijaya Gadde.

Musk demanded that Twitter pass information about its testing methodologies to support its claims that bots and fake accounts make up less than 5 percent of the platform’s active user base, a figure the company has consistently quoted in standard publications for years.

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

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