Musk Mocks Twitter After Abandoning Deal

Elon Musk posted messages on Twitter that appear to mock the threat of court action by the social media company. After Musk decided to abandon a $44 billion acquisition, Twitter executives said this could end up in court.

Musk noted any court action by Twitter would force the company to disclose information regarding bot and spam accounts. He cited a failure to provide these details as the reason for backing out of the acquisition. The posts were Musk’s first on Twitter since his lawyer claimed in a regulatory filing the company breached multiple provisions of an acquisition agreement.

The billionaire could face a $1 billion breakup fee, but for now, it looks as though Twitter executives plan to see him in court. Financial Times reported Twitter’s legal team accused Musk of being the one to break the agreement, asserting he had breached various obligations and so lost any right to call the deal off.

Musk had claimed Twitter has more bots and spam on its platform than it had publicly stated, and had failed to offer more details when he requested it. In turn, Twitter argued it had offered access to a significant amount of internal user data to alleviate his concerns, but Musk’s team concluded the information was not verifiable.