Delaware Chancery Court Judge Kathaleen McCormick on Thursday ordered Twitter to provide some of Musk’s data and dismissed most of Musk’s Twitter data requests as “ridiculous and extensive” .
The world’s richest man, Elon Musk, and Twitter’s legal battle is set to start on October 17, with a five-day trial to determine whether Musk can walk away from the deal.
Delaware Chancery Judge McCormick on Thursday ordered Twitter to provide data on a sample of 9,000 Twitter accounts from Musk’s audit in the fourth quarter of last year to assess the number of Twitter bots or spam accounts.
Twitter has said that the sampled data for the fourth quarter of last year no longer exists and that it would be troublesome to rebuild, but McCormick gave Twitter two weeks to rebuild. Musk’s lawyers responded, looking forward to reviewing Twitter’s hidden data for months.
Meanwhile, McCormick on Thursday dismissed some of Musk’s other demands.
McCormick says many of Musk’s requests for data from Twitter are ‘ridiculous and extensive’involving trillions of pieces of data in total that no one in their right mind would attempt to do, and overall, Twitter has agreed to provide Musk with a lot of information, and enough to meet most of its obligations.
Motivated by this news, Twitter (TWTR-US) reversed course on Thursday, closing up 0.56% at $41.05 a share. Tesla (TSLA-US) closed 0.35 percent lower at $296.07 a share.
Musk reached an agreement with Twitter in April this year, agreeing to buy Twitter at $54.2 per share and a total price of regarding $44 billion. Unexpectedly, three months later, Musk announced the termination of the acquisition in July on the grounds of fake account data. special transaction. Twitter officially filed a lawsuit in the U.S. court in Delaware on July 12, asking Musk to fulfill the acquisition agreement.
Previously, former Twitter security chief Peiter Zatko reported to federal regulators in July as a whistleblower that Twitter had misled Musk regarding the number of bot accounts, and Twitter did not provide an early indicator of total monthly users, but told Musk Provides an “opaque indicator of monetizable daily active users (mDAU).”
Musk’s legal team has requested that former Twitter CEO and co-founder Jack Dorsey be subpoenaed for documents and communications that “reflect, refer to, or relate to Twitter’s use of any other user metrics other than mDAU.” But most of them have been rejected by U.S. courts.
