The countersuit alleges that Twitter committed fraud, breach of contract and violation of the Texas Securities Act.
Musk had offered to buy the company earlier this year, then tried to back out of the deal by claiming the social platform was infested with much larger numbers of “spam bots” and fake accounts than Twitter had disclosed.Musk’s attorneys argued that Twitter’s own disclosures revealed that it has 65 million fewer “monetizable daily active users,” who can be shown digital ads, than the 238 million that Twitter claims, the Post and the Journal reported.
The filing also said most of Twitter’s ads are shown only to a sliver of the company’s user base, the Post said.tap here to see other videos from our teamIn an unexpected twist, Twitter filed its response denying Musk’s accusations before Musk’s own counterclaims surfaced. Twitter called Musk’s reasoning “a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive.”Share this Story:
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