, Twitter accused Musk of breaching the purchase agreement while causing its share price to tank.
Since Musk agreed to buy the company for $54.20 a share in April, Twitter’s share price has sunk to $34.06. In response to Musk’s accusations that it has not turned over spam account information, Twitter says it hosted multiple information sessions with Musk’s team and discussed Twitter’s processes for calculating its user count and its estimates of spam or false accounts.
“The scope of the requests and the deadlines defendants imposed on their satisfaction were unreasonable, disruptive to the business, and far outside the bounds” of the merger agreement,” Twitter said — even as it continued to work with Musk to try to respond to the requests.
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