August 8, 2022

What you need to know

  • Twitter sued Elon Musk for violating the agreement to buy the company. 
  • Twitter’s court filing indicates many of Musk’s violations have “cast a pall over Twitter and its business.”
  • Musk decided to terminate the deal last week stating the company did not provide accurate data on the number of spam or bot accounts on the platform. 

Twitter has sued Elon Musk for violating the $44-billion deal to buy the social media platform. According to documents, Twitter has also asked a Delaware court to order Musk to complete the merger agreement. 

“Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away,” said the lawsuit.