A new twist in the case of Elon Musk and Twitter. Social network lawyers claim that the analysts hired by the billionaire contradict him in the number of fake accounts and spam on the platform.
Analysts agreeing with Twitter
Elon Musk announced the $44 billion takeover of Twitter in April 2022. However, a few months later, in July, he changed his mind, accusing him of “hiding fake accounts.” According to Tesla’s CEO, there are far more fake accounts on Twitter than the platform’s claimed 5%. Claims that social media executives quickly refuted before filing a complaint against Musk. The trial between the two parties will begin on October 17.
TikTok boasts of deleting more and more fake accounts
On Tuesday, September 27, a three-hour hearing was held in a Delaware state court during which both parties asked the judge to order their opponent to provide additional messages or documents. It is on this occasion that Twitter’s lawyers said certain documents in their possession showed that two different consultants Musk hired, Cyabra and CounterAction, produced estimates of spam and fake Twitter accounts at 11% and 5%, respectively. the numbers are broadly in line with Twitter’s public estimates.
In this regard, the social network requires Elon Musk to provide more information about the work of the hired consultants, according to Ars Technica.
Lots of accusations against Elon Musk
As far as Twitter is concerned, Elon Musk used fake accounts to get out of the agreement, and in fact it was motivated by other elements, in particular, falling markets. Twitter also sent out subpoenas to banks and investors to obtain, among other things, documents and messages about the efforts made by the billionaire to fund the takeover.
During Tuesday’s hearing, Twitter said Musk’s team was unable to relay messages between Musk and James Gorman, the chief executive of Morgan Stanley, as well as Oracle’s Larry Ellison. Thus, the social network asked the court to impose sanctions on Musk for misconduct and accused him of hiding details that could contradict his legal arguments. Lawyers also denounced the behavior of the billionaire, who over the past two months has acted in a “pattern of delay and obstruction.”
A test that promises to be very hot
As a reminder, Elon Musk aims to demonstrate that Twitter is guilty of dishonesty in the way it measures spam and fake accounts on its platform. If there are indeed many more of these accounts than Twitter claims, this will directly hamper Musk’s plans for the social network, since the number of monetized accounts will be much less than expected. In support of his argument, he must use the revelations of a former Twitter employee during the trial, the latter alleged that the platform deliberately lied to the businessman.
The lawsuit between Twitter and Elon Musk is expected to last five days and will include prestigious witnesses such as Jack Dorsey, the founder and former CEO of the social network.