Elon Musk’s lawyers tweeted that the second deal was cancelled, citing damaging whistleblower claims as the reason for the withdrawal of the $44 billion acquisition that Musk originally planned to cancel in July.
Axios reported Monday that Elon Musk’s lawyers sent a second letter to Twitter to terminate the deal, citing recent allegations by a Twitter whistleblower as justification for Musk’s withdrawal from the $44 billion acquisition that he decided to cancel in July.
Musk’s legal team also sued Twitter whistleblower Pater Zatko, who said he “lied” about the number of bots on Twitter’s platform, specifically Muska. Musk has long claimed that while Twitter’s bots make up about five percent of its platform, the figure is closer to 20 percent.
Zatko argues that Twitter is only sampling its official bot percentage from a subset of accounts known as “profitable daily active users,” or mDAU. But to give advertisers an idea of how many real people viewed their ads, this metric is designed to exclude bots.
Musk’s lawyers filed a subpoena requesting “documents and reports” on various alleged abuses of Zatko, including “monitoring and measuring user interaction” on Twitter.
In a new termination letter, Musk’s lawyers argued that Zatko’s statements “if true, show that Twitter violated a number of provisions contained in its merger agreement with Musk,” including his obedience to all law and statements that he never made misleading. . information. security regulators
Twitter’s lawsuit against Elon Musk will begin in October in the Delaware Chancery Court.
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Source: Breitbart