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“Elon Musk’s countersuit accuses Twitter of fraud” Elon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he said held back necessary information and misled his team about its true user base, according to media reports. According to The Washington Post, the countersuit filed…
“Twitter rejects Elon Musk’s claims that he was hoodwinked” Twitter on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to fact.” Musk made the claims in a countersuit that he filed under seal last Friday,…
“Elon Musk’s trial over $44B Twitter deal finalizes start date” Twitter’s bid to hold Elon Musk to his $44 billion deal for the social media platform will head to a five-day trial beginning Oct. 17, and Musk must reveal by the end of Friday any legal claims he has against the company, a Delaware judge ruled. Musk, the world’s richest…
“Twitter willing to start trial Oct. 17 — but wants Elon Musk commitment” Twitter does not object to a proposal by Elon Musk to start on Oct. 17 a trial over Musk’s bid to walk away from his $44 billion acquisition deal but the social media company wants a commitment to complete the trial in five days, Twitter said…
“Elon Musk reacts to Twitter blame for lackluster quarterly results” Elon Musk fired back at Twitter on Friday after the social media giant partially blamed its second-quarter revenue miss on uncertainty surrounding the Tesla chief executive’s pending $44 billion acquisition. “I’m rubber, they’re glue,” Musk tweeted. The social media giant reported total revenue of $1.18 billion for…
“One Medical users vow to cancel memberships over $3.9B Amazon deal” Subscribers to the health care app One Medical vowed to cancel their memberships on Friday after it was announced that the startup dubbed “the Netflix of primary care” would be bought by Amazon for $3.9 billion. Angry One Medical subscribers said they were ditching…
“Elon Musk’s Tesla shares could be used by court to force Twitter deal” A Delaware judge looks increasingly likely to order Elon Musk to go through with his $44 billion deal to buy Twitter — and if she does and if Musk resists, experts say the court has more power to force a deal than…
“Twitter accuses Elon Musk of ‘knowingly’ breaching $44B deal to buy the company” Twitter fired back at Elon Musk on Monday, accusing the world’s richest person of “knowingly” breaching an agreement to buy the social media firm, days after the Tesla chief sought to back out of the $44 billion deal. In a letter sent to Musk, dated Sunday…
“Elon Musk terminates $44 billion Twitter deal” Tesla Chief Executive Officer Elon Musk said on Friday he was terminating his $44 billion deal for Twitter, saying that the social media company had failed to provide information about fake accounts on the platform. Shares of Twitter fell 6% in extended trading to $34.58. The stock had zoomed to $51.70 when…
“Twitter CEO ‘willing to go to war’ to make Elon Musk deal happen” Twitter CEO Parag Agrawal is “willing to go to war” to make Elon Musk follow through on his $44 billion acquisition of the social media giant amid reports that the deal could be in jeopardy over the site’s handling of spam and…