Elon Musk accuses Twitter of fraud, alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout
Twitter rejected the mercurial billionaire's argument, calling it"as implausible and contrary to fact as it sounds."
Musk argued in the filing to a Delaware court that the number of users actually shown advertising on the platform is about 65 million lower below the firm's 238 million figure. The entrepreneur accused Twitter of not just deceiving him, but also of lying to US market regulators. He is asking the court to free him from the agreement and make Twitter pay him an amount in damages to be determined at trial, which set to open on October 17.
The legal battle flows from Musk wooing Twitter's board with a $54.20 per-share offer in April, but then in July announcing he was terminating their agreement because the firm had misled him regarding its tally of fake and spam accounts.
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