Elon Musk has called on his friend and former Twitter CEO Jack Dorsey as part of his legal effort to exit the acquisition of the social media platform.
Liesa Johannssen-Koppitz/Bloomberg via Getty Images; Eva Marie Uzcategui/Bloomberg via Getty Images
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Liesa Johannssen-Koppitz/Bloomberg via Getty Images; Eva Marie Uzcategui/Bloomberg via Getty Images
Elon Musk has called on his friend and former Twitter CEO Jack Dorsey as part of his legal effort to exit the acquisition of the social media platform.
Liesa Johannssen-Koppitz/Bloomberg via Getty Images; Eva Marie Uzcategui/Bloomberg via Getty Images
Elon Musk has called his friend Jack Dorsey, the former CEO of Twitter, as part of his legal effort to drop his bid to buy the social media company.
Twitter is suing Musk in Delaware Court of Chancery to force him to follow through on a deal to buy Twitter for $44 billion. Both sides have filed dozens of subpoena requests, asking banks, investment firms, executives and high-profile Silicon Valley figures for information and communication about the deal.
According to legal filings made public Monday, Musk’s lawyers are seeking documents and communications from Dorsey about how Twitter detects, tags and counts fake accounts and how it uses daily active users as a key metric in its detections. financial.
Musk argues that Twitter was not forthcoming about the number of bots and spam among daily active users on its platform. It claims the social media company tried to “deceive investors” by providing false numbers in financial filings with the Securities and Exchange Commission.
Twitter says its SEC filings are accurate and Musk’s team has “spent months trying to invent a spam detection problem” but found nothing. The company also claims Musk’s efforts to finance the deal fell through, contradicting legal arguments coming from the world’s richest man.
Musk, CEO of Tesla and SpaceX, has been friends with Dorsey for years. Both are in love with cryptocurrencies.
Dorsey, who stepped down as Twitter CEO in November 2021, supported the acquisition and Musk’s move to take the company private.
He tweeted that “Elon is the unique solution I believe” for Twitter.
In principle, I don’t believe that anyone should own or run Twitter. It wants to be a public good at the protocol level, not a company. However, solving the problem of being a company, Elon is the unique solution I believe. I believe in his mission to expand the light of consciousness.
— jack (@jack) April 26, 2022
Twitter’s legal team has sought information about Musk’s communications with several Silicon Valley bigwigs in an effort to understand how his opinion on the deal has changed.
Twitter is seeking documents and messages from entrepreneurs and venture capitalists Marc Andreessen, Joe Lonsdale, David Sacks and Steve Jurvetson. Some of them have been involved in financing Musk’s acquisition.
Meanwhile, Musk’s lawyers have filed dozens of subpoenas for information about fake Twitter accounts.
The judge granted Musk’s requests to subpoena communications from Kayvon Beykpour, the former head of consumer products, and Bruce Falck, the former head of product revenue, who both were fired by CEO Parag Agrawal in May.
The case is set for a 5-day trial on October 17.
