Elon Musk Accuses Twitter of Fraud in Countersuit

Elon Musk's countersuit document against Twitter has been released, in which Elon Musk accuses Twitter of fraud in the $44 billion buyout deal. The document claims that Twitter misled Musk's team about the true value of the platform. His attorneys argue that while Twitter touts having 238 million monetizable daily active users, the proportion that actually see ads is 65 million lower. Further, they argue that the majority of ads are shown only to fewer than 16 million users.
Source

Elon Musk

Related News
Trump hotel Trump hotel
Trump taps Elon Musk and Vivek Ramaswamy to slash gov’t with ‘DOGE’ Trump taps Elon Musk and Vivek Ramaswamy to slash gov’t with ‘DOGE’
Brazil to review Elon Musk’s X ban after $5M fine payment Brazil to review Elon Musk’s X ban after $5M fine payment
Latest News More More
1 Day Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
6 Days Ago Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending
June 17 Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more
June 13 XRP Ledger adopts USDC one week after Circle goes public
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open