Tuesday in the Delaware Court of Chancery, Twitter filed a lawsuit against SpaceX CEO Elon Musk in an attempt to force the billionaire to complete his deal to acquire the social media company.
On Friday, a Musk attorney informed Twitter that he intends to terminate his $44 billion deal to buy Twitter because the company is “in material breach of multiple provisions” of the deal agreement that was signed in April.
Twitter’s lawsuit states that Musk is the one breaching the terms of the agreement and want the court to “compel consummation of the merger upon satisfaction of the few outstanding conditions.”
Musk claims that Twitter breached the acquisition agreement by not providing him with data on the number of bots, spam and fake accounts that make up the social media platforms user base.
The entrepreneur posted a meme on Twitter over the weekend that included pictures of himself laughing about Twitter having to reveal the data on bots he’d been requesting in court if they sued him.
“In April 2022, Elon Musk entered into a binding merger agreement with Twitter, promising to use his best efforts to get the deal done,” the lawsuit reads. “Now, less than three months later, Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.”
Oh the irony lol
— Elon Musk (@elonmusk) July 12, 2022
Twitter tries using Elon Musk’s own tweets against him in lawsuit
Speaking of Elon Musk tweeting, Twitter references numerous tweets by the Tesla founder in the company’s lawsuit, including one in which Musk simply tweeted a poop emoji.
Below is a look at all of the Elon Musk tweets included in the lawsuit ranked from least to most crazy (not including the poop emoji, which we already discussed at length), along with how the lawsuit describes them.
Musk encourages “the SEC to investigate the accuracy of Twitter’s disclosures.”
Musk “once again” calls for the SEC to investigate “Twitter’s disclosures regarding false and spam accounts.”
Musk tweets “a misrepresentation that Twitter’s sample size for spam estimates was just 100.”
Musk tweets “without any advance notice” that the deal is temporarily on hold.
Musk says eliminating spam bots will be a “top priority” for him when he takes over Twitter.
Musk makes “all-too-obvious public references to a hostile tender offer.”
Musk “posts 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.”
“For Musk, it would seem, Twitter, the interests of its stockholders, the transaction Musk agreed to, and the court process to enforce it all constitute an elaborate joke,” the lawsuit concluded, which is probably not too far off from being the truth. 💩