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
14 Hours Ago Sei community weighs proposal to deprecate native Cosmos accounts, move to EVM-only model
1 Day Ago Ethereum developers activate Pectra upgrade with 11 changes to improve UX, validator ops and Layer 2 scaling
2 Days Ago Solana validators patch zero-day bug that could have led to unlimited minting of certain tokens
2 Days Ago Riot Platforms sells mined bitcoin for first time since January 2024, nets $38.8 million
April 29 Circle secures in-principle approval to operate as money services provider in Abu Dhabi
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open