Elon Musk told the judge on Friday that it will be necessary until next year to respond to Twitter’s “useless” allegations that big names have tried to abandon the $ 44 billion deal to buy a social media platform. rice field.
Musk’s lawyer said the trial should be postponed until at least February 13, 2023, according to a court document filed with Delaware Court on Friday night, and defendants collect information about fake accounts on Twitter. Claimed to have more time for.
“The central debate over fake and spam accounts is the basis of Twitter’s value,” Musk’s lawyer wrote in a filing on page 14. “It is also very fact- and expert-focused and takes a considerable amount of time to discover.”
Mask, first Agreed to buy Twitter for $ 44 billion in AprilSince then, Twitter has repeatedly argued that it may be lying about what percentage of users are bots. This is a move by a Twitter lawyer. Blowed up in their proceedings filed Wednesday As a “malicious” attempt to break the transaction.
Twitter is seeking an unusually short four-day Delaware court trial starting in September. This is interpreted by some observers as a sign of confidence in the proceedings.
Musk’s lawyer called Twitter’s request an unjustified “bid for an extreme expedition.”
The proceedings accused Twitter’s spam account of not being cleaned until April 28, three days after the merger agreement was signed.
On April 28, Twitter confirmed in a public filing to the SEC that in March 2019, it launched the ability to link multiple individual accounts for easy account switching. At that point, an error occurred and all linked accounts were counted as users, resulting in an overestimation of about 1%, Filing said.
Tesla CEO Friday’s filing describes a May meeting with Twitter executives a week after SEC filing, which claims that Mask led to his doubts about the company’s fake account numbers.
“At a meeting with Twitter executives on May 6, Musk was surprised to find out how poor the Twitter process was,” Musk’s lawyer wrote. “Human reviewers randomly sample 100 accounts per day (less than 0.00005% of daily users), apply unconfirmed criteria, and apply 5 of Twitter users quarterly for almost 3 years. We conclude that less than% is false or spam. That’s it. No automation, no AI, no machine learning. ”
Later, Musk asked for more information about the bot, but Filing claimed to have encountered an “artificial obstacle.” Twitter has also accused Twitter of making major personnel changes in violation of the merger agreement.
According to Mr. Musk, the judge can extend the deadline of the trial far beyond the October 24 closing date of the transaction, as it is at the judge’s discretion if the proceeding is filed. increase.
The mask submission will take place three days after Twitter first sued the big guy.
In the proceedings, Twitter accused Mask of “throwing the company into a trash can, disrupting the business, destroying shareholder value, and leaving,” and worked with Twitter. ”
The company hopes Musk will be forced to buy the company for $ 54.20 per share, which was initially agreed.
The Twitter proceedings also include screenshots of Musk’s tweets, including a musk emoji posted by Musk in response to a tweet from the Twitter CEO. Twitter claimed that the tweet was one of many examples of masks that “contempt” Twitter for violating trading contracts.
Elon Musk responded to the “useless” Twitter proceedings and said he wanted to push the proceedings back in 2023.
Source link Elon Musk responded to the “useless” Twitter proceedings and said he wanted to push the proceedings back in 2023.