The soap opera between Twitter and Elon Musk continues, the billionaire has just filed a complaint against the social network.
New episode of Elon Musk’s series and Twitter. While the social network is suing the businessman for backing out of his takeover bid, Musk has finally counterattacked by filing a complaint against Twitter in a Delaware court based on a legal document. Specifically, the latter will consist of 164 pages, still “confidential,” according to the ruling of the commercial law court in charge of the case, the Delaware Court of Chancery.
Elon Musk sues Twitter
Even if the information related to this complaint is still confidential, it should soon become public as regulations require Elon Musk to submit a public version that will redact all trade secrets and confidential information.
This filing of a complaint from Elon Musk follows Twitter’s reaction after the entrepreneur’s denial. Indeed, the social network has recently succeeded in obtaining a lawsuit, which began very soon, on October 17, 2022. The entrepreneur, for his part, wanted to wait until February 2023.
Towards a multi-year lawsuit between Musk and Twitter
According to the Wall Street Journal, one of Elon Musk’s claims in his complaint is related to the allegation that Twitter lied about the number of its users that could be bought out after accepting his offer to buy.
Recall that Elon Musk applied for a takeover of Twitter in April 2022 in the amount of $44 billion. In early July, he backed out, saying that the bluebird social network would have skewed the number of automated spam accounts. The more accounts he has, the more they represent a monetary loss in terms of ad revenue. Twitter estimated its fake accounts at less than 5% of active users.
Thus, on July 12, 2022, Twitter filed a complaint against Elon Musk in a Delaware court in order to fulfill a ransom obligation or compensation for breach of contract ($1 billion).