Twitter Attorneys Intend to Sue Elon Musk for Breach of Contract!
Twitter has retained the services of a heavyweight merger law firm to sue Tesla CEO Elon Musk for moving to drop his $44 billion takeovers of the company, according to a report.
The company has hired Wachtell, Lipton, Rosen & Katz LLP to represent it in a forthcoming suit, Bloomberg reported Sunday. Bloomberg cited sources who declined to be identified due to the private nature of the matter.
Musk’s team is worried about “spam bots” on the platform, and the CEO of Tesla has threatened to back out of the deal if the company can’t prove that less than 5% of its daily active users are spam accounts that are run by computers.
Musk has said that Twitter was very wrong about how many “spam bots” were using its service. Multiple news sources said at the time that Twitter offered Musk access to its “firehose” of raw data on hundreds of millions of tweets sent every day last month, but neither the company nor Musk would confirm this.
During the call, Twitter said that spam accounts make up less than 5% of its active users each quarter. IP addresses, phone numbers, and locations are examples of private data that isn’t available to the public and isn’t in the “firehose” of data that was given to Musk. Twitter said that these private details help make sure that real accounts aren’t mistakenly marked as spam.
FOX Business asked SpaceX, Tesla, and Twitter for comments on Sunday, but they didn’t answer right away. A receptionist at Wachtell, Lipton, Rosen & Katz wouldn’t say whether the report was true or not.
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