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Elon Musk accuses Twitter of cheating. He has filed a lawsuit, he wants compensation. “A misguided story”

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In the lawsuit, the owner of Tesla and SpaceX, alleged fraud, breach of the portal’s contract and violation of the Texas Securities Act (state law regarding the regulation of the securities industry in Texas) – says “”. The lawsuit was filed in the Delaware Chancery Court on July 29 and it was made public on Thursday (August 4), she adds.

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You can read more information from Poland on the home page

Elon Musk and Twitter are suing each other. The billionaire wants compensation

Elon Musk believes that Twitter misled him about the actual number of users. Billionaire attorneys say the social networking site has 65 million fewer daily users who can make money from advertising than it indicated, writes The Washington Post. The billionaire also demands compensation, although he did not provide a specific amount in the lawsuit.

Twitter rejected Musk’s allegations. In a statement released on Thursday, the company stressed that the billionaire’s arguments were a “fabricated story” that would allow him to avoid fulfilling his service purchase agreement, he points out. The trial in this case is scheduled to start on October 17.

Elon Musk wanted to buy Twitter for $ 44 billion. I do not want anymore

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Recall – according to the April agreement, Elon Musk was to buy Twitter for 44 billion dollars. According to the businessman, the company did not provide comprehensive information on how much of the accounts on the platform are served by bots, so he gave up the purchase. Twitter sued Elon Musk for breaching a contract to buy a social networking site and wants a court to order the billionaire to complete the deal for the agreed amount of $ 44 billion.

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Source: Gazeta

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