Twitter denies Musk's countersuit claims with a lot of snark

  • In Business
  • 2022-08-05 14:16:20Z
  • By TechCrunch

Twitter has filed a legal response denying Elon Musk's counterclaims about the company he's supposed to acquire -- a deal he's trying to exit by claiming Twitter fraudulently misrepresented the number of fake accounts on the platform. The 127-page document sees Twitter refuting Musk's various claims, saying that they are "a made-for-litigation tale that is contradicted by the evidence and common sense." Ouch!

The social network noted in the filing that these counterclaims "fail to justify Musk's plan to dishonor the merger agreement," and accused them of being an effort to escape the agreement because of the market downturn.

"According to Musk, he - the billionaire founder of multiple companies, advised by Wall Street bankers and lawyers - was hoodwinked by Twitter into signing a $44 billion merger agreement. That story is as implausible and contrary to fact as it sounds," snarked Twitter, in the filing made public on Thursday.

Twitter's chairman Brett Taylor also posted to the social network, criticizing Musk's claims as being "factually inaccurate, legally insufficient, and commercially irrelevant."

Musk's lawyers had filed 90 pages of counterclaims in the Delaware Court of Chancery and Twitter's response tackles them paragraph by paragraph.

The social network's lawyers pointed out that Musk has misunderstood many Twitter metrics, for starters. For example, he confused monetizable daily users with monetized daily users. The former is a metric that Twitter regularly uses to measure its growth in its quarterly earnings report.

"...mDAU represents an opportunity to monetize those users, rather than a confirmation that each user has generated ad revenue on any given day," Twitter explained.

The Twitter response is full of arch legal repartee, trying to show that Musk's claims are ridiculous.

So expect sentences like: "To the extent Paragraph 7 contains allegations about Musk's 'thesis,' Twitter lacks knowledge or information sufficient to form a belief as to the truth of the facts alleged and denies them on that basis."

This was said in response to Musk's accusation of spam accounts having a big effect on public discourse.

"Musk invents representations Twitter never made and then tries to wield, selectively, the extensive confidential data Twitter provided him to conjure a breach of those purported representations, Twitter writes. "Yet Musk simultaneously and incoherently asserts that Twitter breached the merger agreement by stonewalling his information requests."

Twitter's filing comes amid a series of legal steps by both sides like a game of legislative tennis.

After Twitter sued Musk last month, a Delaware judge placed the trial to take place on October 17. Days after that, Musk countersued the social network and the documents of the case were placed under a seal. In response, Twitter subpoenaed Musk's associates including Peter Theil's VC firm Founders Fund and investors Joe Lonsdale and David Sacks. In retaliation, the Tesla CEO's lawyers subpoenaed JPMorgan Chase and Goldman Sachs -- firms that advised Twitter on the acquisition deals.

Musk had agreed to buy Twitter for $54.20 per share in a $44 billion deal, but the stock has dropped significantly since the agreement was signed -- dropping to $32.65 in July. Today, Twitter is trading at $41.77.


More Related News

Mechanics facing charges after accused of intentionally damaging customer
Mechanics facing charges after accused of intentionally damaging customer's car
  • US
  • 2022-08-10 19:36:51Z

Two mechanics from a well-known dealership are facing charges tonight, accused of intentionally damaging at least one customer's car.

Twitter Users Remind Trump What He Previously Said About 5th Amendment
Twitter Users Remind Trump What He Previously Said About 5th Amendment

One Twitter user noted that, if Trump can plead the Fifth, his fellow Americans "have the complete right under the First Amendment to mock him relentlessly...

An ex-Twitter employee was found guilty of spying for Saudi Arabia in exchange for a $20,000 watch and a $300,000 payment
An ex-Twitter employee was found guilty of spying for Saudi Arabia in exchange for a $20,000 watch and a $300,000 payment
  • US
  • 2022-08-10 16:45:16Z

Ahmad Abouammo was charged in late 2019 with handing personal Twitter information of Saudi critics to the nation's government. He was just convicted.

Oklahoma Republican lawmakers criticize Trump FBI search, get social media pushback
Oklahoma Republican lawmakers criticize Trump FBI search, get social media pushback
  • US
  • 2022-08-10 13:00:37Z

Social media posts by Oklahoma Republicans in Washington drew replies from supporters and opponents of former President Donald Trump.

Elon Musk sells $7B in Tesla shares ahead of Twitter fight
Elon Musk sells $7B in Tesla shares ahead of Twitter fight
  • World
  • 2022-08-10 11:26:15Z

Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter. Musk...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply


  • dark web links
    (2022-08-05 18:17:38Z)

    Most of the free sites have limited features and if you want to see more information on the site, you will be asked to pay a fee. The legitimate sites usually allow you to read the fine print and make sure you know what you are getting.

  • deep web
    (2022-08-05 19:04:45Z)

    This is referred to as the "Deep Web". Many believe that it is these dark web sites that lead to dangerous activities such as identity theft and hacking.

  • dark web links
    (2022-08-05 19:42:20Z)

    It is important that you always remember that the purpose of a web site is to sell products and that it is the buyer's burden to determine if a product can be delivered online or if a buyer should pass.

  • dark web sites
    (2022-08-05 20:01:59Z)

    You may want to stick to posting news and other interesting aspects about your product. If you do not have much knowledge about a particular aspect of the dark web, then you may want to do research to help you learn about that aspect of it

  • dark web
    (2022-08-05 20:24:16Z)

    They do this by using specially crafted links, commands, and scripts that are placed on websites. These dark web links are used to conceal illicit activities from online users.

  • work from home jobs
    (2022-08-05 20:46:49Z)

    The reason why you will want to do this is because it is free to use and can bring you good results. In order to be successful you must have a website that is appealing and a great deal of traffic to it.

  • affiliate marketing success
    (2022-08-05 21:06:55Z)

    One common way to check the success rate of an affiliate is to look at their site stats. They will usually list a "page rank", a page rank is how many links exist from that site to other sites.


Top News: Business