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March 29, 2024
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Jack Dorsey a subject of Elon Musk’s subpoena

 

As part of his legal struggle with the tech giant, Elon Musk has filed a lawsuit to order Twitter co-founder Jack Dorsey to appear in court.

Mr. Musk is seeking to cancel his $44 billion deal with Twitter after complaining that the company didn’t give him enough information about fake account numbers.

However, the social media platform is suing Mr. Musk in an effort to pressure him into purchasing it.

If neither party opts to reach a pre-trial agreement, the case will be tried in Delaware, US, in October.

Twitter expects that a judge will direct Elon Musk, the richest man in the world, to finalize the buyout at the agreed-upon price of $54.20 per share.

But as part of the trial preparations, Mr. Musk’s attorneys have contacted his pal, Mr. Dorsey, the former CEO of Twitter, in the hopes that he will support the Tesla CEO’s claim that the social media giant hasn’t been truthful about the number of false accounts on its site.

A subpoena is a legal writ or document that commands the production of evidence, such as records or papers, before a court.

The corporation sued the billionaire after he announced in July that he intended to back out of his purchase of Twitter.

Mr. Musk said the firm was hiding information about phony accounts, but Twitter countered that these claims were just pretexts for buyer’s remorse.

Read Also: Twitter must hand over crucial documents, court says 

People who intended to invest in the agreement with Mr. Musk have received subpoenas from the website itself.

Jack Dorsey made his position about Musk’s acquisition known

When Elon Musk declared his intention to acquire the firm in April, Mr. Dorsey, who resigned as Twitter’s CEO in November of last year, tweeted in support of Mr. Musk, writing: “I only have faith in Elon as a single remedy. I have faith in his effort to spread awareness.”

A US judge decided last month that the trial in Twitter’s lawsuit against Mr. Musk should take place in October.

Earlier in August, Mr. Musk sold an additional 7.92 million Tesla shares for around $6.88 billion (£5.7 billion), claiming that he needed the money in case he had to acquire Twitter.

In his countersuit against Twitter, Mr. Musk asserts that his team’s evaluation of visible Twitter accounts revealed that one-third of them were fraudulent. Using that number, the team calculated that at least 10% of daily active users are bots.

Leading bot researchers, however, have cast doubt on documents submitted by his legal team in his legal dispute with Twitter.

Twitter claims that fewer than 5% of its daily active users are bot accounts.

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