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[Luxus+ Magazine] Twitter and Elon Musk: How far will the fight go?

[Luxus+ Magazine] Twitter and Elon Musk: How far will the fight go?

After having started to buy Twitter, Elon Musk has been the target of a complaint directly from the social network with the blue bird in the night of Tuesday to today Wednesday, accusing him of failing in his obligations and damaging Twitter’s reputation by his incessant attacks after having declared not to want to buy Twitter.

 

It is a real and – surely – long battle between the two. The American multi-billionaire had started the $44 billion buyout of Twitter in early 2022. However, on July 8, the boss of Tesla and SpaceX backed out and made known in a document sent to the U.S. stock exchange authorities that he refused to buy the social network Twitter, accusing the company of having provided “false and misleading” data on the number of false or dormant accounts.

 

Twitter, determined to nail this purchase, justified itself and repeated in recent weeks that the number of fake accounts on its platform was less than 5%. Information, which did not satisfy Elon Musk and his team, who believe that the network is lying and that this affects the viability of its business and the value of the company.

 

Twitter retaliates by filing a complaint against Musk

 

The Tesla and SpaceX boss then accused the platform of not fulfilling its contractual obligations by lying about its data, to which Twitter responded by filing a lawsuit in a US state court in Delaware.

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Click here to read the full article on Luxus Plus Magazine.

 

Featured photo : © GettyImages

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