Tesla CEO Elon Musk is in a legal trouble after he withdraw from a deal to buy site Twitter. Twitter has field a claim against him in a Delaware court in the US for unilateral violation of the agreement. To help with this, Musk has sought help from former Twitter CEO Jack Dorsey.
The dispute between twitter and Musk is whether the Tesla CEO can be forced to buy this social media site. If musk unilaterally and arbitrarily breaks the deal, he will have to pay changes to Twitter. After musk announced the end of the deal, Twitter has filed a court case against him.
Musk seeks help from friend Jack Dorsey
According to documents presented in court, Musk wants Dorsey to help him out of a $ 44 billion deal to buy twitter and testify in support of his arguments. The court of Delaware will hear further on October 17 in the Twitter- Musk case. Dorset has been summoned to appear on this day.
Twitter Arguments
Twitter alleges that Musk decided to back out of the deal because his company’s electric car maker Tesla’s share fell sharply after the acquisition decision. At the time the stock market faltered and Musk had tp shell out $ 100 billion whereas earlier Musk had decided to buy Twitter for 38 percent more than its current share price.
Musk backs out of Twitter buy as Tesla stock prices fall. Musk’s unnecessarily fueling the issue of fake or spam accounts on Twitter.
Musk Statement
The world’s richest Elon must says that Twitter has not told him the exact no of fake account holder on his site. He estimate that there are large no of spam accounts on this site. It is important to find out their exact number in order to proceed with the purchase agreement.
Musk broke the $ 44 billion Twitter deal by making the spam account on issue. Musk expects from Dorsey that he supports his arguments and present the correct information of the fake account holders and active account holders and active users on this microblogging site before the court with documents, so that everything can clear.
