Elon Musk Files Subpoena, Demands Twitter ex-CEO Jack Dorsey

Elon Musk Files Subpoena, Demands Twitter ex-CEO Jack Dorsey

Earlier this year, billionaire Elon Musk stirred up the tech world by openly announcing his acquisition of Twitter. There were monumental plans under his vision, but these all seemed to fall apart at the seams later on. Now, tensions continue to boil as Elon Musk and his team have filed a subpoena for former CEO Jack Dorsey, as another factor in the grand scheme of things. This appears to be a separate matter from the court battle set in October, but these two are allegedly connected.

For a brief introduction, Dorsey first ascended to the CEO role of Twitter in 2015. Since then, he’s been the man when it came to decision-making and steering the company in a certain direction. He is also the CEO of Square, a digitalized platform for commerce and payments. This conflict of interest has been a heated discussion among stakeholders of Twitter, but the impressive fulfillment of his roles in the position eventually silenced the doubters. He eventually stepped down in November of 2021, handing over control to Parag Agrawal.

Anyways, the lawsuit to be discussed on October 17 has a lot of backstory to it, but the gist of the matter is this: Musk believes he’s a victim of fraud, due to the number of bots and other fake accounts on Twitter. He shouldn’t be paying $54.20 a share for something that was blatantly misrepresented. The methodology in which he found out the density of bots within the ecosystem remains to be challenged, but that is his case in this ordeal.

To support his claims, Elon Musk has filed a subpoena demanding the presence of Twitter ex-CEO Jack Dorsey in court. His reasoning is that he was “egged on” to make the purchase through private correspondence between the two. The subpoena contains all the information Dorsey has to lay out before the law: in a nutshell, records from Twitter’s anti-spam and anti-bot systems that would verify Musk’s claims. Here’s a complete list courtesy of the Verge:

We’ll have to see what all of these efforts result to come the battle in October this year. Whether or not Twitter or Musk will win this battle will be up to the truth and the ruling courts of law.

 

 

 

 

 

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