Elon Musk accused Twitter of frau🍸d in a countersuit over his aborted $44 billion deal for the social media company, which he said held back necessary information and misled his team about its true user base, according to media reports.
According to Thಞe Washington Post, the countersuit filed by the billionaire and Tesla CEO filed Thursday alleges that Twitter committed fraud, breach of contract a🌃nd violation of the Texas Securities Act.
Musk's counterclaims were filed confidentially last week and unsealed in a filing late Thursday at the Delaware Chanc▨ery Court, the Wall Street Journal reported.
Mus𝐆k had offered to buy the company earlier this year, then tried to back out of the deal by claiming the social platform was inf🌼ested with much larger numbers of “spam bots” and fake accounts than Twitter had disclosed.
Twit﷽ter sued to force him to complete the acquisition.
Musk responded by filing his countersuit.
Musk's attorneys argued that Twitter's own disclosures revealed that it has 65 million fewer “monetisable daily active users,” who can be shown digital ads, than the 238 million that Twitter 🐼claims, the Post and the Journal reported.
The filing also said mꦺost of Twitter's ads are shown only to a sliver of the company's user base, the Post said.
In an unexpected twist, T🐠witter filed its response denying Musk's accusations before Musk's own counterclaims sur🃏faced.
Twitter called Mu𝄹sk's reasoning “a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive.”
The case is scheduled to go to trial on October 17.
