Twitter sues Elon Musk, famous poop emoji backfires

Elon Musk’s attempt to avoid paying $44 billion for Twitter has taken a new turn. After filing with the Securities and Exchange Commission a few days ago and withdrawing its offer, request to terminate the contract to purchase the social network for $54.20 per shareTwitter was expected to take him to court to complete the purchase.

The social network finally carried out its threat suing the billionaire in Delaware oblige to conclude an agreement on agreed terms. Society especially accusing Elon Musk of looting the company, disrupt its functioning and destroy shareholder value. The billionaire had specifically planned to lay off employees, and Twitter’s stock has fallen nearly 35% in recent weeks. ” Musk refuses to honor his obligations to Twitter and its shareholders, as the deal he signed no longer serves his personal interests. ” indicates the complaint.

Twitter sues Elon Musk for forcing the deal to close

The lawsuit outlines a long list of key breaches of contract that have cooled Musk’s Twitter and business, and requests the court to complete the merger as soon as several extraordinary conditions are met. As a reminder, Musk’s lawyer It withheld data requested by Musk to assess the number of fake accounts on the platformto. However, we do know that the company has finally granted him access to the so-called “firehose” API, which includes every single tweet posted on the platform.

Musk has always disputed this claim, with one study proving that about 20% of accounts are robots. The deal is now likely to be the subject of a long legal battle over whether Twitter can do so. Force Musk to complete the deal and own itor at least forced Pay the billion dollars provided as severance pay on the initial contract.

Several investment firms had advised Musk to withdraw from the deal and make a smaller offer that better matched the company’s current value. So he could renegotiate the purchase at a much more affordable price.and save several billion dollars in the process. But Twitter is now determined to force the billionaire to pay the full amount promised for the social network.

Complaint includes all of Elon Musk’s Twitter memes

” After making a public demonstration to compromise Twitter and then proposing and signing a seller-friendly merger agreement, Musk apparently believes – unlike any other party governed by Delaware contract law – he is free to switch sides. company to disrupt its operations, destroy shareholder value and walk away “. Twitter expressly refers to all memes posted on Twitter by Elon Musk and The company has obviously taken the time to include them all in its complaint.

Among them, we especially find the poop emoji that Tesla CEO sent to Twitter CEO Parag Agrawal. As a reminder, the latter explained that the method used by Elon Musk and his teams to calculate the number of fake accounts would not lead to reliable results. For this, it is necessary to analyze the confidential data that only Twitter has. Relevant manager He replied with all the sobriety we know… a poop emoji.

The complaint also lists the billionaire’s latest meme, posted for fun on Twitter a few days ago. The last one indicates Twitter will eventually have to release fake account information in courtdespite having previously denied all requests.

Despite the complaint, Elon Musk still seems to be taking the situation lightly and continues to post other memes on his personal account. In a recent provocation, the CEO mocked the left-leaning political thinking of many of the company’s employees a few moments ago, but eventually quickly removed the tweet.