Elon Musk's countersuit against Twitter says the company misrepresented itself and misled him | Businessinsider

a 164-page countersuit against Twitter late last week, escalating the ongoing legal fight over his attempt to back out of the $44 billion purchase.

Musk took aim at Twitter's assurances to investors that its business was sound, based on its disclosures of user metrics in securities filings. For months now, Musk has argued publicly that Twitter had more"bots" or spam accounts than it admitted. He used this as the basis last month for backing out of the acquisition.

"That has been Twitter's strategy all along: to distract from and obfuscate the truth about its disclosures—first from its investors and then from the Musk Parties when they began to discern the truth," the claims continue.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk's Twitter countersuit due by Friday as acrimony grows - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Twitter Inc and Elon Musk, who are suing each other over the world’s richest person’s effort to exit their $44 billion merger, couldn’t even agree on how much to tell the public about their dispute. Too much money was involved they didn't want to shock us.
Source: SABCNews - 🏆 37. / 51 Read more »