Twitter Legal Dispute: Elon Musk Summons Jack Dorsey

Twitter Legal Dispute Elon Musk Summons Jack Dorsey
Jack Dorsey and Elon Musk
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In connection with his legal dispute with the technology company, Twitter, Elon Musk on Monday issued a subpoena to Jack Dorsey.
Mr. Musk is aiming to withdraw his $44 billion acquisition of Twitter after complaining that the company didn’t give him sufficient information about fake account information.
However, the social media platform is pursuing the world’s richest man with a court case trying to persuade him into acquiring it.
If neither party opts to negotiate outside of court before then, the dispute will be adjudicated in Delaware, US, in October.
Twitter is hoping that a judge will direct Mr. Musk to carry out the acquisition at the agreed-upon share price of $54.20.
However, as part of their preparations for the trial, Mr. Musk’s attorneys have contacted Mr. Dorsey, the former CEO of Twitter, a friend of theirs, in the hopes that he will lend credence to the Tesla CEO’s claim that the social media giant hasn’t been truthful about the number of sham accounts using its platform.
A subpoena is a legal letter or document that summons someone to appear in court or compels them to provide evidence in the form of records or documents.
The corporation sued the billionaire after he announced in July that he intended to back out of the purchase of Twitter.
Mr. Musk claimed that Twitter was hiding information regarding fake accounts, but the business countered that these claims were just pretexts for buyer’s remorse.
People who intended to invest in the agreement with Mr. Musk have received subpoenas from the website itself.
When Mr. Musk revealed his offer to purchase the firm in April, Mr. Dorsey, who had left his position as Twitter’s CEO in November of last year, tweeted in favor of him, writing: ‘Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.’
A US judge decided last month that the trial for Twitter’s litigation against Mr. Musk would take place in October.
Africa Daily News, New York recalls that earlier in August, Mr. Musk sold an additional 7.92 million Tesla shares for around $6.88 billion (£5.7 billion), claiming that he needed the cash in case he was compelled to acquire Twitter.
In a countersuit against Twitter, Mr. Musk asserts that his team’s evaluation of visible Twitter accounts revealed that one-third of them were fake. The team calculated that 10% or less of daily active users are bots based on that figure.
Leading bot researchers, however, have raised doubts about reports presented by his legal team in his dispute with Twitter.
Less than 5% of Twitter’s daily active users, according to its estimation, are fake accounts.
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