Soap opera ‘Twitter vs. Elon Musk’ still seems a long way off issue. After Elon Musk’s decision not to lead the takeover of the network social in son period, in particular due to information on fake/spam-related accounts deemed insufficient, Twitter’s legal team just sent a letter to the SEC describing the contractor’s actions as “invalid and unreasonable.” Last Friday direction Twitter has already stated that it is ready to provide justice in case Elon Musk tries to unilaterally cancel son network buyout offer social at $44 billion. In its letter, Twitter denied any breach of the terms of the agreement, while confirming that Elon Musk “knowingly, willfully, willfully and materially violated the terms.”
Twitter won’t stop there unless Elon Musk makes a takeover
The firm cites, in particular, one of the many provisions that were supposed to regulate the behavior of an entrepreneur, the obligation not to humiliate Twitter or its employees. In his final battle with Parag Argawal, Elon Musk asked the CEO to grant him access to accurate data on the spread of fake accounts. The manager then took the time to write a very detailed response. Elon Musk’s answer? Smiley “poop”. For their part, Elon Musk’s lawyers continue to argue that the proportion of accounts associated with spam is much higher than Twitter claims, which also refuses to give full access to this data for vital reasons. protection personal data. Twitter is very interested in Elon Musk being forced to honor the terms of the takeover deal, even at this very stressful juncture. Indeed, the entrepreneur agreed to buy the firm at a very generous price. An amount of $44 billion to compare with the company’s capitalization at the beginning of the week of less than $30 billion. If the buyback does not actually take place, the share price may collapse even more. Read also – justice Will she force Elon Musk to buy Twitter? However, the letter sent by Twitter lawyers to the SEC is a sign that the network social preparing for a real response from the outside justice. Twitter also turned to a law firm specializing in this type of transaction. However, at this stage it is very difficult to predict who might emerge victorious from such a legal confrontation. Each side is now convinced of its ability to win…
