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Elon Musk vs Twitter: Understanding what is at stake and what to expect from the court

  • July 26, 2022
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The court will decide whether Elon Musk is buying Twitter. In an agreement reached in April this year, the billionaire signed a US$44 billion purchase deal via the

Elon Musk vs Twitter: Understanding what is at stake and what to expect from the court

The court will decide whether Elon Musk is buying Twitter. In an agreement reached in April this year, the billionaire signed a US$44 billion purchase deal via the social media site, however he pulled out shortly after. Twitter then went to court to enforce the contract, and the trial is now scheduled for October of this year.

The main justification for Elon Musk and his non-purchase lawyers is related to bots and fake accounts. Before completing the purchase, Musk requested a report on the number of fake accounts and bots on Twitter. The report was presented, however, according to the founder of Tesla, it contains conflicting data. He firmly believes that the number of fake accounts and robots exceeds the 5% indicated in the delivered document.

This trial, according to experts, does not have many possibilities for an outcome. In many cases, Elon Musk is forced to complete the purchase, but if this proves that the 5% is wrong and that it has to do with closing the purchase, Musk can walk away without making a deal.

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Source: Mundo Conectado

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