Tuesday, September 27, 2022

Twitter’s lawsuit against Elon Musk 

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Market Desk (Tech): As assumed, Twitter filed a lawsuit against Elon Musk on Tuesday in Delaware Chancery Court for trying to wriggle out of US$ 44bn deal. The whole thing is just beyond weird and not just for the world of business but crazy on just about every interpretation. Twitter and Musk mutually attracted through the force of commerce are now essentially in a twisted love-hate psychodrama. 

Now, in order to get what it wants, it has to get in the gutter. Twitter finally filed against ElonMusk for withdrawing from the acquisition deal. 

The lawsuit seeks to direct Elon Musk to implement the Twitter purchase agreement. The lawsuit alleges that Musk violated multiple terms of the agreement.

Earlier, Elon Musk, the world’s richest man, officially said no to buy. Twitter chairman Brett Taylor informed in his tweet that they wanted to force Elon Musk to abide by the contractual obligation. In response, Mask wrote a separate tweet, oh embarrassment! So Mask wants to get out (of the contract). ‘

Twitter is arguing that his tweets show that it hasn’t been acting in a serious way from the beginning: “Musk Tweets implying that his data requests were never intended to make progress toward consummating the merger but rather were part of a plan to force litigation in which Twitter’s information would be publicly disclosed,” it says, along the included pictures of the tweets.

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