Twitter slams Musk’s countersuit claims with lots of snarks – Meczyki.Net

twitter is filed a legal The response negated Elon Musk’s rebuttals to the company he was about to acquire — a deal he was trying to get out of Twitter by fraudulently claiming to have misrepresented the number of fake accounts on the platform. Is. The 127-page document sees Twitter refuting Musk’s various claims, saying they are “a litigation story debunked by evidence and common sense.” Ouch!

The social network noted in the filing that these counterclaims “fail to justify Musk’s plan to disrespect the merger agreement”, and accused him of attempting to avoid the agreement due to a market downturn.

“According to Musk, he – the billionaire founder of several companies advised by Wall Street bankers and lawyers – was duped by Twitter into signing a $44 billion merger agreement. The story is equally unimaginable and contrary to fact Hai ji ji hai hai,” Twitter said in a filing made public on Thursday.

Twitter president Brett Taylor also posted on the social network, criticizing Musk’s claims as “factually incorrect, legally inadequate and commercially irrelevant.”

Musk’s lawyers filed 90-page counterclaims in the Delaware Court of Chancery, and Twitter’s response deals with them paragraph by paragraph.

Lawyers for the social network pointed out that Musk misunderstood several Twitter metrics to begin with. For example, he confused monetized daily users with monetized daily users. The former is a metric that Twitter regularly uses to measure its growth in its quarterly earnings reports.

“…mDAU represents an opportunity to monetize those users, rather than just confirm that each user has generated advertising revenue on any given day,” Twitter explained.

Twitter’s response is full of fierce legal rivalry, trying to show that Musk’s claims are ridiculous.

So expect sentences like this: “To the extent that paragraph 7 contains allegations about Musk’s ‘thesis’, Twitter lacks sufficient knowledge or information to form a belief about the veracity of the stated facts and on that basis.” denies them.,

This was said in response to Musk’s allegations that spam accounts have a major impact on public discourse.

“Musk invented representations that Twitter never made and then tries to selectively replay the broad confidential data Twitter provided him to acknowledge the breach of those alleged representations,” Twitter writes. Yet Musk simultaneously and inconsistently claims that Twitter violated the merger agreement by withholding his information requests.

Twitter’s filing comes amid a series of legal moves by both sides, like a game of tennis.

After Twitter sued Musk last month, a Delaware judge called for a trial on October 17. A few days after that, Musk opposed to social networks And the documents of the case were kept under a seal. In response, Twitter called on allies of Musk, including Peter Thiel’s VC firm Founders Fund and investors Joe Lonsdale and David Sachs, In retaliation, lawyers for Tesla CEO JPMorgan Chase and Goldman Sachs summoned – Firms advising Twitter on acquisition deals.

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