Tesla CEO Elon Musk Files Another Notice To Terminate $44 Billion Twitter Deal

Musk tried to get out of the $44 billion deal, saying he was misled by Twitter about the number of fake accounts or bots.

Elon Musk directed Twitter Inc. the second letter of termination of the deal after the richest man in the world subpoenaed a whistleblower asking for details about how the social media platform checks spam accounts. The firm deceived Elon Musk and authorities about the actual amount of spam or bot accounts on the microblogging platform when it offered $44 billion to Twitter in July.

In July, Musk sent a letter claiming that the company’s failure to prove how many bots and spam accounts it had had caused the deal to be pulled.

According to Twitter’s response, his attempt to withdraw from the agreement is “invalid and unfair.”

Musk asked former Twitter security chief and whistleblower Pater Zatko for information, mostly about how the microblogging network measures spam accounts, according to a court document filed on Monday.

Prominent hacker “Maj” Mr. Zatko said in a lawsuit that was made public last week that the corporation misrepresented its security measures and prioritized user growth over fighting spam.

Mr. Zatko’s subpoena comes ahead of a five-day trial in the Delaware Chancery, due to begin on October 17th. Billionaire Musk has been saying for months that he could back out of the $44 billion deal. because the company he pledged to buy was under-reporting their fake and spam accounts. There will be a key legal dispute with Musk pulling out of the deal in October.

Additional information supports his argument that Twitter is in “substantial non-compliance” with its obligations under data privacy and consumer protection laws and that the firm is subject to hostile activity and data center outages, according to a letter released Tuesday. .