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Twitter has dismissed Elon Musk’s claims in a US court filing that he was hoodwinked into signing the deal to buy the social media company.
Elon Musk’s countersuit against Twitter may be released as soon as Thursday, according to a person familiar with the case.
Twitter is attempting to find evidence that Elon Musk tried to torpedo the financing of his US$44-billion takeover deal for the social media company.
Meta Platforms issued a gloomy forecast after recording its first ever quarterly drop in revenue, with recession fears and competitive pressures weighing on its digital ads sales.
Shares of social media firms fell sharply on Friday as Twitter joined the Snapchat owner in signalling a cutback in digital ad spend as economic growth sputters.
Twitter can fast-track its lawsuit against billionaire Elon Musk over his cancelled $44-billion buyout of the social media platform.
A billionaire signed on to buy a company and then regretted it when the market moved against him. That doesn’t give him the right to just walk away.
Twitter has dismissed Elon Musk’s complaints that he doesn’t have enough information about spam and robot accounts as an “irrelevant sideshow”.
Twitter was down for thousands of users across the globe on Thursday, according to outage tracking website Downdetector.com.