New details surrounding Elon Musk’s Lawsuit against Twitter emerged Thursday, with the SpaceX CEO claiming the social media giant misled him — and potential investors — by purposefully miscalculating the number of bots on its platform to entice potential buyers.
“Musk is accusing the company of intentionally ‘miscounting’ [the] number of spam accounts it hosts in order to juice its user metrics ‘as part of its scheme to mislead investors about the company’s prospects.'” Fox Business reported.
“Musk argues that he is entitled to drop the deal entirely, claiming he was led to believe through Twitter’s public assurances to investors that its business, built around user metrics, was sound.”
This is not the first time Musk has publicly claimed dishonesty on the part of Twitter. Musk made a series of comedic tweets about the incident last month, the DC Enquirer previously reported.
— Elon Musk (@elonmusk) July 11, 2022
For their part, Twitter maintains the company was honest with Musk and that only 5 percent of its active accounts are bots, according to Yahoo News. Musk claims the number is closer to over 20 percent.
“20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher,” Musk tweeted in May. “My offer was based on Twitter’s SEC filings being accurate. Yesterday, Twitter’s CEO publicly refused to show proof of <5%. This deal cannot move forward until he does.”
20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.
My offer was based on Twitter’s SEC filings being accurate.
Yesterday, Twitter’s CEO publicly refused to show proof of <5%.
This deal cannot move forward until he does.
— Elon Musk (@elonmusk) May 17, 2022
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As a result, Twitter is suing Musk in a high-stakes legal battle of the ages. The social media giant is arguing Musk is contractually bound to complete the buyout.
“Twitter replied in a filing on Thursday in Delaware Chancery Court, calling Musk’s reasoning ‘a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive.'” per Fox Business.
Twitter sarcastically claimed of the deal: “According to Musk, he — the billionaire founder of multiple companies, advised by Wall Street bankers and lawyers – was hoodwinked by Twitter into signing a $44 billion merger agreement.”
“That story is as implausible and contrary to the fact as it sounds.” the Yahoo News report added.
The court battle is set to begin Oct. 17th. The results will almost certainly change the social media landscape as we know it forever. But one thing is for certain — Musk’s meddling has exposed Twitter and its potentially hollow innards of fake bots that supposedly sustain it.
All this, as the company’s executives continue to promote censorship practices — to stifle any opinion they find disagreeable. Only in America.