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|    Musk's countersuit against Twitter says     |
|    06 Aug 22 03:34:59    |
      XPost: talk.politics.guns, alt.fan.rush-limbaugh       From: turnleft@twitter.com              Details of Elon Musk's countersuit against Twitter are being reported       ahead of Friday's official release by a judge.              Musk's 164-page countersuit is full of accusations around the validity of       the social media company's business claims, according to a copy obtained       by Insider.              It is the latest chapter in the saga between the billionaire CEO of Tesla       and Twitter since Musk announced his intention to pull out of a $44       billion agreement to buy the social media site.              The countersuit is another escalation of the ongoing legal fight over       Musk's attempt to back out of the deal.              ELON MUSK'S ANSWER TO TWITTER LAWSUIT TO BE MADE PUBLIC BY FRIDAY              The two sides are already scheduled to face off in an October trial in a       Delaware court over whether he is legally able to walk away from the deal.              Musk argues that he is entitled to drop the deal entirely, claiming he was       led to believe through Twitter's public assurances to investors that its       business, built around user metrics, was sound.              Musk claims they are far from it.              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."              "The Counterclaims are a made-for-litigation tale that is contradicted by       the evidence and common sense," Twitter's response says. "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," according to The Associated Press.              Musk's counterclaims were initially not available to the public because       they allegedly contained private company information that needed to be       redacted, according to arguments from Twitter's lawyers.              The judge overseeing the case in Delaware Chancery Court said the suit       needed to be made public by Friday.              https://www.foxbusiness.com/markets/musks-countersuit-against-twitter-       says-he-wall-street-were-misled-report              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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