Elon Musk Invites Twitter Founder Jack Dorsey As Battle Over Failed $44 Billion Twitter Deal Gets Hotter
- Elon Musk's legal team has asked the founder of Twitter, Jack Dorsey, to appear in court as the controversy surrounding the Twitter deal gets hotter
- According to a court filing, Musk is asking that Dorsey appears to defend the companies bot and spam accounts' records
- The Tesla billionaire backed out of $44 billion Twitter acquisition deal in June after he began the take over of the company in April
Furious Elon Musk has subpoenaed Twitter founder and former Chief Executive Officer of the company, Jack Dorsey, as part of his plan to evade the purchase of the social media company, a deal he backed out of controversially.
The Subpoena is Musk's effort to stall the $44 billion acquisition deal he agreed to in April 2022.
Source: Getty Images
Musk requesting documents from Jack Dorsey
With this, a CNN report says the billionaire's legal team seeks a wide range of information from the former CEO of Twitter, who resigned as in November last year and remained on the board of the company until last May after Twitter agreed to sell itself to the SpaceX CEO.
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The billionaire's legal team asks for all the documents and communications concerning the acquisition agreement and those showing, referring to, or relating to the impact or effect of false or spam accounts on the microblogging site and operations.
He is also trying to back out of the proposed $44 billion deal after he accused the company of not showing the number of bot or spam accounts on its platform. Twitter had accused Musk of using bots and spam as an excuse to back out of the deal.
Musk's team is also seeking documents and communications concerning Twitter's use of monetizable daily active users as a key metric in the company's SEC filings.
Dorsey praises Musk
The summon of Jack Dorsey is the latest sign that the legal battle between the two parties is getting hotter.
Twitter had also previously summoned some associates of Elon Musk, a court filing said. The list includes some prominent investment companies and venture capitalists, some of whom are part of the PayPal mafia, a group of prominent figures in the tech industry who worked at the firm that Elon Musk cofounded.
Dorsey had initially said that he supported Musk taking over Twitter as he could trust the company in the Tesla CEO's hands.
Elon Musk leads the list of world’s highest paid CEOs in 2021
Legit.ng reported that Tesla and SpaceX CEO Elon Musk has emerged as the world’s highest earning CEO in 2021.
The world’s richest person has been on the list for the fourth year. However, his pay package has been from several share options, adding about $78 billion to his fortunes of $296 billion.
Daily Mail reported that the Tesla CEO’s pay is humongous, leaving the remaining 23 CEOs making half of what he makes, a combined total of $6.3 billion.
Source: Legit.ng
