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 Trump to make crypto a national priority in upcoming executive order: Bloomberg
1 Day Ago Phantom Wallet raises $150 million at $3 billion valuation
2 Days Ago BitMEX hit with additional $100 million fine over Bank Secrecy Act violations: report
2 Days Ago Pyth launches new oracle ‘Lazer’ to offer price feeds to latency-sensitive apps
3 Days Ago Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open