Tesla CEO Elon Musk’s counterclaim against Twitter was revealed Friday, with aggressive new claims about social media’s method of counting bot and spam accounts.
The Washington Post reports that Elon Musk’s counter-charge against Twitter was revealed Friday and contains aggressive claims about Twitter’s methods of counting bot and spam accounts. Musk has accused Twitter of misleading his team, and Wall Street, about his ad base.
Musk is trying to use these claims to pull out of the $44 billion buyout deal. Musk claims that as he learned more about Twitter’s process of determining the authenticity of accounts, he became more concerned and decided the deal was no longer viable.
Musk stated at Tesla’s recent annual shareholder meeting, “I understand the product quite well, so I think I have a good idea where to point the tech team with Twitter to make it radically better. I think it’s something that will be very useful to the world.”
Musk’s counterpart makes it clear that he wants to be free of the deal he made in April to buy the site. Musk alleges that Twitter is guilty of fraud, breach of contract and violation of the Texas Securities Act. Musk’s lawyer argues that while Twitter claims to have 238 million daily active users to monetize, the percentage who actually see ads is 65 million lower.
Musk further claims that most ads are only shown to fewer than 16 million users, which is less than seven percent of the number of users Twitter says the company can generate revenue from seeing ads.
“Twitter played hide-and-seek for months trying to clear the clock before the Musk parties could discover the truth about these shows, which they had to shut down,” the opposing party claims. “The more Twitter dodged even simple questions, the more the Musk parties began to suspect that Twitter had misled them.”
Read more on the Washington Post here.
Lucas Nolan is a reporter for Breitbart News on issues of free speech and online censorship. Follow him on Twitter @LucasNolan