Elon Musk hit back at Twitter, accusing the company of fraud

According to media reports, Elon Musk accused Twitter of fraud over his canceled $44 billion deal for the social media company, which he said withdrew necessary information and told his team about its actual user base. misled.

According to The Washington Post, the countersuit filed Thursday by the billionaire and Tesla CEO alleges that Twitter committed fraud, breach of contract and violated the Texas Securities Act.

The Wall Street Journal reported that Musk’s counterclaims were filed confidentially last week and were closed in a filing late Thursday in Delaware Chancery Court.

Musk offered to buy the company earlier this year, then tried to back out of the deal, claiming that Twitter was affected by more “spam bots” and fake accounts than it had disclosed.

Twitter sued them to force them to complete the acquisition. Musk responded by filing his countersuit.

Musk’s lawyers argued that Twitter’s own disclosure showed it has “monetizable daily active users” who can be shown digital ads, compared to the 238 million that Twitter claims, posts and posts. Journal reported.

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