{"id":11791,"date":"2022-08-06T14:40:56","date_gmt":"2022-08-06T14:40:56","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/08\/06\/this-is-elon-musks-case-alleging-twitter-committed-fraud\/"},"modified":"2022-08-06T14:40:57","modified_gmt":"2022-08-06T14:40:57","slug":"this-is-elon-musks-case-alleging-twitter-committed-fraud","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/08\/06\/this-is-elon-musks-case-alleging-twitter-committed-fraud\/","title":{"rendered":"This is Elon Musk\u2019s case alleging Twitter committed fraud"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/8\/5\/23293527\/elon-musk-countersuit-twitter-acquisition-fraud<\/a>
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Now, you can read the entire argument Elon Musk\u2019s lawyers are making that his latest change of heart is actually all Twitter\u2019s fault, laid out in this 165-page document<\/a> just made public by the Delaware Court of Chancery. <\/p>\n

You know the basics of the story. Musk bought a bunch of Twitter shares. Musk agreed to take a seat on the company\u2019s board and promised not to try to buy Twitter. Then, he changed his mind, lined up the necessary financing using some of his shares in Tesla, and eventually agreed to a $44 billion deal to buy Twitter. Then he changed his mind again and tried to exit the deal, resulting in Twitter suing the world\u2019s richest man<\/a> to force him to buy the company like he said he would.<\/p>\n

Twitter\u2019s lawyers are already poking around Musk\u2019s business dealings, trying to find evidence that the switch is about something else, while now we can see the Musk side arguing that, actually, they strategically stonewalled, misrepresented, and outright bamboozled his efforts to find out how many people actually tweet.<\/p>\n

In the latter half, it also includes the Musk team\u2019s answers to Twitter\u2019s lawsuit, if you want to read a very expensive argument in full.<\/p>\n