The saga between Twitter and Elon Musk continued on Tuesday as the social media company filed a lawsuit against the Tesla CEO in response to his decision to formally withdraw from the $44 billion takeover agreement. In the 62-page lawsuit, Twitter says Musk “refuses to honor his obligations” and cited some of his tweets against him.
The lawsuit which was filed in the Delaware Court of Chancery where Twitter is incorporated cites nothing less than 13 tweets from the world’s richest man. Musk who is a prolific Twitter user responded to the lawsuit with a tweet, saying, “Oh the irony lol.” In the lawsuit, Twitter states Musk started by making “all-too obvious public references to a hostile tender offer” citing his “love me tender” tweet before the bid in April. The lawsuit detailed the timeline of tweets from Musk after he submitted his $44 billion offer to take Twitter private, citing his tweets about bot accounts and a “disparaging tweet” which was a poop emoji in response to CEO Parag Agrawal’s explanation of how the company handles spam accounts.
After citing the latest meme shared by the Tesla CEO, Twitter said, “for Musk, it would seem, Twitter, the interests of its stakeholders, the transaction Musk agreed to, and the court process to enforce it all constitute an elaborate joke.” Twitter went further in the lawsuit, stating Musk’s actions “confirms that he wants to escape the binding contract he freely signed, and to damage Twitter in the process.” After filing the lawsuit, Twitter board chairman Bret Taylor made a tweet saying the lawsuit is intended to “hold Elon Musk accountable to his contractual obligations.”
This could be a long-drawn-out court battle between Twitter and Musk, and it is not clear at this time what will happen next.
Featured Image – Elon Musk by Liesa Johannssen-Koppitz/Bloomberg