The social media giant is trying to force the billionaire to make good on his April promise to buy the company — and Twitter wants it to happen quickly because it says the ongoing dispute is harming its business.
Musk has claimed the company has failed to provide adequate information about the number of fake, or “spam bot,” Twitter accounts, and that it has breached its obligations under the deal by firing top managers and laying off a significant number of employees.
But the idea the Tesla CEO is trying to damage Twitter is “preposterous. He has no interest in damaging the company,” said Musk's attorney Andrew Rossman, noting he is Twitter’s second largest shareholder with a far larger stake than the entire board. Savitt emphasized the importance of an expedited trial starting in September for Twitter to be able to make important business decisions affecting everything from employee retention to relationships with suppliers and customers.
Rossman said more time is needed because it is “one of the largest take-private deals in history” involving a “company that has a massive amount of data that has to be analyzed. Billions of actions on their platform have to be analyzed.” Elon Musk announced Thursday morning that he wants to buy Twitter. What would his purchase of the social media platform mean for our society? And what does it say about the growing power and influence of the billionaire class in our world?
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