BATTLE LINES: Musk's countersuit against Twitter says he and Wall Street were misled, report says
After pushing for more information from Twitter about how many bots or spam accounts were on the platform, Musk decided to call off the deal in July.
Musk is accusing the company of intentionally "miscounting" the number of spam accounts it hosts in order to juice its user metrics "as part of its scheme to mislead investors about the company's prospects." He also claims that Twitter's reliance on the metric mDAU, or monetizable daily active Twitter users, as a basis of revenue is misleading in and of itself.
Twitter replied in a filing on Thursday in Delaware Chancery Court, calling Musk’s reasoning "a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive."
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