Tesla CEO Elon Musk’s countersuit against Twitter came to light on Friday, making aggressive new claims about social media’s method of counting bot and spam accounts.
The Washington Post reports that Elon Musk’s countersuit against Twitter came to light on Friday and contains aggressive allegations about Twitter’s methods of counting bot and spam accounts. Musk has accused Twitter of misleading his team and Wall Street over its ad base.
Musk is trying to use these claims to justify his withdrawal from the $44 billion takeover deal. Musk argues that as he learned more about Twitter’s process for determining the authenticity of accounts, he became more concerned and decided the deal was no longer viable.
Musk said at Tesla’s recent annual shareholder meeting, “I understand the product pretty well, so I think I have a good idea of where to lead the engineering team with Twitter to radically improve it. . I think this is something that will be very helpful to the world.
Musk’s countersuit makes it clear he wants to be free of the deal he made in April to buy the site. Musk alleges Twitter engaged in fraud, breach of contract and violation of the Texas Securities Act. Musk’s attorney claims that while Twitter claims to have 238 million monetizable daily active users, the proportion who actually see ads is 65 million lower.
Musk further alleges that the majority of ads are only served to fewer than 16 million users, less than 7% of the number of users that Twitter claims can generate revenue for the company from seeing ads.
“Twitter played hide and seek for months in an attempt to run out of time before the Musk Parties could discern the truth about these performances, which they had to shut down,” the countersuit alleges. “The more Twitter evaded even simple requests, the more Musk Parties suspected that Twitter had misled them.”
Learn more about the Washington Post here.
Lucas Nolan is a reporter for Breitbart News covering free speech and online censorship issues. Follow him on Twitter @LucasNolan