The battle of billionaires escalated on Monday, after Elon Musk subpoenaed co-founder and former Twitter CEO Jack Dorsey as the social media company looks to make the Tesla CEO go through with his proposed $44 billion buyout.
In preparation for the Twitter versus Elon Musk October 17 trial date at the Delaware Court of Chancery, the Tesla founder’s legal team filed a notice of subpoena on Monday to Dorsey, in an effort to acquire additional evidence related to Twitter’s measurements of spam and bot accounts. Musk was slapped with a lawsuit after he broke off his planned acquisition of Twitter, instead disputing that the social media company was not transparent about the number of fake accounts proliferating on the platform.
Dorsey has allegedly been a proponent of Musk’s Twitter buyout, even tweeting back in April that if anyone was to acquire Twitter, “Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.” According to Musk’s latest argument, the social media company is withholding the names of employees specifically tasked with evaluating the fake bot statistics.
Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.