Elon Musk stated that his $44 billion bid to acquire the company should go on under its original parameters, provided Twitter Inc. could reveal its technique of selecting 100 accounts and how it verified that the accounts are legitimate.
Musk tweeted early on Saturday,”However, if it turns out that their SEC filings are materially inaccurate, then it should not.”
Musk replied, “Good question, why aren’t they? In response to a Twitter user who questioned whether the US Securities and Exchange Commission was looking into the company’s “dubious statements.”
When asked by Reuters, Twitter declined to comment on the tweet.
Twitter rejected Musk’s assertion that he was duped into signing the agreement to purchase the social media business. On Thursday they called it “implausible and contrary to fact.”
Musk claims that Twitter tricked the multi-billionaire founder of several firms into signing a $44 billion merger agreement against his advice. That story is as unbelievable and untrue as it appears, according to Twitter’s filing on Thursday.
On July 29,Elon Musk filed a countersuit against Twitter. Intensifying his legal battle with the social media firm over his request to back out of the $44 billion purchase.
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