Tesla CEO Elon Musk’s countersuit against Twitter, revealed on Friday, makes radical new claims about the social media’s approach to counting bots and spam accounts.
This Washington post Report Elon Musk’s countersuit against Twitter, revealed on Friday, contains aggressive claims about Twitter’s approach to counting bots and spam accounts. Musk accused Twitter of misleading his team and Wall Street based on its advertising.
(Dimitrios Kambouris/Getty Images, editing by BNN)
Twitter CEO Parag Agrawal (Google Cloud/YouTube)
Musk is trying to use those claims to justify pulling out of the $44 billion takeover deal. Musk argued that as he learned more about Twitter’s process for determining the authenticity of accounts, he became more concerned and believed the deal was no longer viable.
“I do know this product very well, so I think I have a good idea of where to point Twitter’s engineering team to make it fundamentally better,” Musk said at Tesla’s recent annual shareholder meeting. I think it will be very useful to the world.”
Musk’s counterclaim makes clear that he wants to get out of the deal he agreed to buy the site in April. Musk alleges Twitter engaged in fraud, breach of contract and violations of Texas securities laws. Musk’s lawyers argue that while Twitter claims to have 238 million monetizable daily active users, the percentage that actually sees the ad is 65 million lower.
Musk further claimed that most ads were shown to fewer than 16 million users, which is less than 7% of the number of users Twitter claims can earn the company revenue from seeing ads.
“Twitter played a months-long game of hide-and-seek, trying to run out of time before Musk’s parties could discern the truth of these statements and they needed to shut them down,” the counterclaim said. “The more Twitter evaded even simple inquiries, , the more Musk parties suspect that Twitter is misleading them.”
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Lucas Nolan is a reporter for Breitbart News covering free speech and online censorship issues.follow him on twitter @lucasnolan
