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Business Maverick: Twitter rejects Musk’s claims that he was hoodwinked

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The company on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to fact”.

Musk made the claims in a countersuit filed under seal last Friday, which was made public on Thursday.

The two sides head to trial on 17 October after Musk sought to abandon his deal to acquire Twitter over what he says is a misrepresentation of fake accounts on the site. While “Twitter touts having 238 million ‘monetisable daily active users’, those users who actually see ads” is roughly 65 million lower, Musk says in the counterclaims.Musk, the chief executive of electric car company Tesla, offered to buy Twitter for $54.20 per share in April, saying he believed in its potential as a global platform for free speech.

 

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