Twitter calls Elon Musk’s case against a $44 billion deal ‘unbelievable’

Twitter has accused Elon Musk of creating a “new set of excuses” to avoid honoring his $44 billion agreement to buy the social media company, calling his recently submitted objections “impossible and contrary to the truth.”

after, after Twitter sued Musk last month To enforce the deal, Musk filed a countersuit last week in an effort to derail the social media company’s efforts, which are still under seal. A judge ordered his release on Friday.

Twitter He announced his refutation of the Tesla CEO’s legal case Thursday in a lawsuit involving Brett Taylor, chairman of the social media group.

in his suit, musk He once again claimed that Twitter violated the agreement by significantly reducing the proportion of spam and bots on its platform. The billionaire’s own analysis estimated the number of bot or spam accounts to be at least 10 percent of all users. Twitter previously estimated that bots make up less than 5 percent of accounts.

Musk also alleged that Twitter overestimated the number of monetized users, claiming that the number of users who actually saw ads on the service was “about 65 million fewer” than the company represented in regulatory filings. Musk claimed that only about 16 million users were watching the “majority” of ads.

Twitter responded by calling Musk’s estimates “factually inaccurate, legally insufficient, and commercially irrelevant.”

She said the methodology behind Musk’s estimates was “apparently untenable” and “doesn’t measure the same as Twitter or even use the same data as Twitter.”

The company has questioned the veracity of Musk’s data, claiming that a tool used to analyze the data described the billionaire’s private account as a “potential robot.”

Twitter concluded: “Mask’s counter-claims, based on misrepresentation, misinformation, and outright deception, do not change anything.”

In addition to filings, the parties make an extensive network in the search for additional information regarding the formulation of the transaction.

musk Called up Goldman Sachs and JPMorgan Chase for details of how to advise Twitter, request any documents detailing financial performance, discussions with the company about the transaction and any analysis to evaluate it.

Meanwhile, Twitter has submitted information requests to banks handling Musk’s financing of the deal, as well as co-investors and others in the billionaire’s orbit.

As the feud with Twitter escalates, it’s heading towards a Fast-Tracking October 17 Court DateMusk is also addressing questions from Tesla fans and shareholders regarding his role as CEO of the electric car maker.

On Thursday, at Tesla’s annual meeting, Musk addressed many of the dispute-related questions on Twitter and said he had “a good sense of where to direct the engineering team to Twitter to make it fundamentally better.”

Asked what would happen to Tesla if he left or split his time, Musk said: “I think Tesla will continue to do very well even if I get kidnapped by extraterrestrials or go back to my home planet.”

Additional reporting by Richard Waters in San Francisco