Thursday, July 14, 2022
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Twitter sues Elon Musk for violating $44-billion deal

What it is advisable to know

  • Twitter sued Elon Musk for violating the settlement to purchase the corporate. 
  • Twitter’s court docket submitting signifies a lot of Musk’s violations have “solid a pall over Twitter and its enterprise.”
  • Musk determined to terminate the deal final week stating the corporate didn’t present correct knowledge on the variety of spam or bot accounts on the platform. 

Twitter has sued Elon Musk for violating the $44-billion deal to purchase the social media platform. In keeping with paperwork, Twitter has additionally requested a Delaware court docket to order Musk to finish the merger settlement. 

“Musk apparently believes that he — not like each different occasion topic to Delaware contract regulation — is free to alter his thoughts, trash the corporate, disrupt its operations, destroy stockholder worth, and stroll away,” mentioned the lawsuit.



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