Science

Elon Musk takeover of Twitter: Multibillionaire accuses Twitter of misleading him, network denies

But on Friday, the richest man in the world responded with a “confidential” complaint. “This is an attempt to get away from the contract, which Musk is no longer interested in, as the stock market has fallen,” the lawyers of the social network say. Elon Musk took to Twitter in April and then signed the deal at $54.20 a share. He unilaterally shut it down in early July on the grounds that the San Francisco-based company allegedly lied about the proportion of automated and spam accounts on its platform.

This is an attempt to terminate the contract, which Musk does not consider attractive after the stock market crash.

According to a filing filed by Twitter on Thursday, the Tesla chief accuses the board of directors of covering up the true proportion of fake accounts, which he says is about 10% of daily active users and is exposed to ads. Twitter rates it at less than 5%.

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