Elon Musk Interaction With Twitter Accounts

Washington: In the midst of the ongoing legal dispute with Twitter, Tesla CEO Elon Musk claimed that “interaction with almost all Twitter accounts seem to be much lower lately.” On the Twitter platform, Musk, on Thursday posted “Interaction with almost all twitter accounts seem to be much lower in recent weeks & days. Accurate?”

In a second tweet Musk also added “Tesla + Twitter -> Twizzler.”

Musk’s tweet prompted a number of comments.

A user wrote “True that.”

But, there’s one person that mocked Musk’s post by saying, “Nah, Elon. We’re just actively ignoring you. Besides, are you so vain that you measure your life in degrees of Twitter interaction?”

$44 billion deal to buy Elon Musk

A few days ago the microblogging website launched an action against Musk after Musk decided to pull from the $44 billion deal to buy Musk.

Twitter submitted an application to speed up the proceedings and requested a 4-day hearing in the month of September. Musk’s legal team resisted the motion.

“Twitter brings this action to enjoin Musk from further breaches to compel Musk to fulfil his legal obligations and to compel consummation of the merger upon satisfaction of the few outstanding conditions,” the social media platform stated in its lawsuit. The lawsuit is the start of what could become an ongoing legal battle Twitter is seeking to force Musk to his agreement for payment of $54.20 per share to the company.

Twitter is acknowledged by M&A big legal company Wachtell, Lipton, Rosen & Katz claimed that Musk sought to get out from the deal that was a requirement for the existence of a “material adverse effect” or breach of contract.

“Musk had to try to conjure one of those,” the lawsuit claimed. Musk announced the end of the deal worth $44 billion Twitter purchase agreement in a letter that was sent by the Musk staff at Twitter early in the month of July.

Musk has decided to stop the deal because of numerous violations of the agreement to purchase. On April 1, Musk signed an agreement to acquire Twitter that was $54.20 per share, a deal that was estimated at $44 billion. The deal was halted when Musk placed the acquisition off until May in order so that his team could examine the validity in Twitter’s claims that less that 5 percent of the accounts on its platform are spam or bots.

In July, Musk was openly accusing the microblogging site of violating the merger agreement. Musk threatened to quit and halt any acquisitions of his social media giant because it did not provide the information Musk has asked for on fake accounts and spam.

Musk asserted the claim that Twitter claims that it is “actively resisting and thwarting his information rights” according to the terms set forth in the deal, CNN reported, citing the letter that he wrote to Twitter’s head of legal policy and trust Vijaya Gadde.

Musk demanded Twitter disclose information about its methods of testing to back its claim that fake accounts and bots are less than 5% of the active users, a number that the company has repeatedly repeated over the years in public disclosures that are boilerplate.

Leave a Comment