Twitter's new lawsuit claims Elon Musks 'repeatedly disparaging' tweets violated the company's acquisition agreement.
Elon Musk is known for being a guy who says what's on his mind. Unlike a lot of other big company executives, he has an open, if not controversial dialogue with customers and the general population. As such, this may have created long-term problems between Elon Musk and Twitter earlier this year following Musk's efforts to buy the company for over $40 billion.
According to a lawsuit filed by Twitter, Elon Musk"repeatedly disparaged" Twitter or its employees at least 16 times. According to Twitter, this violated a provision in the agreement that stated that Musk can talk about the deal"so long as such Tweets do not disparage the Company or any of its Representatives.
"Since signing the merger agreement, Musk has repeatedly disparaged Twitter and the deal, creating business risk for Twitter and downward pressure on its share price," the company's lawsuit claimed. As of right now, there is no date set for the trial, but Twitter is hoping to get an expedited trial in September. In a recent company-wide memo, Twitter also stated that it plans to hold Elon Musk"accountable". As of right now, it remains to be seen how successful that will be, but Twitter seems to be building a pretty big case against Musk by diving deep into his own social media profile.
What do you think of the Twitter lawsuit? Let me know in the comments or hit me up on Twitter @Cade_Onder.
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