Elon Musk
Sued by Twitter for Backing Out of Deal
… You Said $44 Bil, Now Pay Up!!!
7/12/2022 2: 41 PM PT
Twitter’s handing over on its promise to sue Elon Musk for taking flight of what they inform used to be his promise to decide on the platform — and so that they desire a judge to force him to note thru.
In the lawsuit, Twitter says it is sure that Elon’s easiest taking flight since the stock market tanked correct after he signed the deal in April to decide on for $44 billion. The firm says that dip diminished Musk’s wealth by $100 billion, and Twitter’s payment also slumped … making his offer even more over the firm’s market payment.
Translation: His offer without warning appeared ridiculous, and that’s the supreme motive he wished out.
According to the suit, Twitter’s no longer procuring his excuse in regards to the platform being riddled with bot accounts … calling that a “mannequin of hypocrisy.” As Twitter puts it … Elon had very publicly talked about one in every of the causes he wished to decide on Twitter used to be to “defeat the unsolicited mail bots.”
Backside line for Twitter … Musk signed on the dotted line, so he must have to pony up. Or no longer it is asking the court docket to force him to shut the deal on the agreed upon sign of (GULP) … $44 BILLION.