It Will Be Difficult To Prove That Twitter Misled Musk, Legal Experts

Share post:

Legal experts warn that it will be difficult for Elon Musk to prove he was misled by the social media platform Twitter.

Elon Musk has announced he will suspend his $44 billion takeover of Twitter until the company provides evidence to back up its claim that spam accounts account for less than 5% of its users.

According to legal experts, Twitter has indicated in its regulatory filings that the bots’ estimates may not accurately reflect the actual number of spam accounts. This gives Twitter protection against potential lawsuits.

Another hurdle making it difficult for Elon Musk to prove he was deceived will be his failure to do due diligence in negotiating the Twitter deal.

“It would be difficult to establish the basis for either an SEC enforcement case or shareholders action unless it could be shown that Twitter deliberately or recklessly disregarded information that would show that its spam estimates were misleading,” said Howard Fischer, a partner at law firm Moses & Singer.

Now all Elon Musk has to do is either negotiate and close the deal or pay the $1 billion break-up fee if he is no longer interested in closing the deal.

The sources for this piece include an article in Reuters.

Featured Tech Jobs


Related articles

Microsoft and OpenAI partner to build a $100 Billion AI supercomputer “Stargate”

In a bold stride towards computational supremacy, Microsoft, in partnership with OpenAI, is reported to be laying the...

Senator Colin Deacon and our digital future: HashTag Trending, the Weekend Edition, April 13, 2024

Welcome to Hashtag Trending The Weekend Edition. I’m your host, Jim Love. I can understand that many of you might get frustrated about politics. What we see for the most part is a lot of BS. Ask a politician a simple question. You get a lot of non answers, talking points, ways their political opponents

US Bill Aims to Unveil AI Training Data Sources Amid Copyright Concerns

In a significant move toward transparency, a bill was introduced in the US Congress on Tuesday by California...

AI presents an “extinction level threat” – US Gov’t Report: Hashtag Trending for Tuesday, March 12, 2024

A new US government report warns that AI presents an “extinction level threat to the human species. Elon Musk is outsourcing his Grok AI code. Hackers have breached the Cybersecurity and Infrastructure Security Agency in the US and a researcher shows how to steal a Tesla by leveraging a feature of the Tesla charging stations.

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways