Twitter vs Elon Musk First Court Hearing to Take Place to July 19

Twitter will no longer wait for a long time to take Elon Musk to court.

The Tesla and SpaceX CEO's latest Twitter acquisition is on its way to legal court this July 19. Twitter is suing Musk because of his filing to pull back on his $44 billion acquisition deal.

According to Reuters, the first hearing for the lawsuits filed by Twitter will take place on July 19 at 11 a.m. Eastern time, as set by the chancellor of the Delaware Court of Chancery, Kathaleen McCormick.

During the course of the 90-minute hearing, a judge will listen to arguments concerning Twitter's desire for a trial to take place in September.

Twitter vs. Musk's Delaware Trial

Twitter initiated legal action by filing a complaint with the Chancery Court in the state of Delaware, alleging that the billionaire unlawfully breached his agreement to purchase the platform.

Recently, Musk has refrained from commenting about his trial and his desire to breach his Twitter acquisition pursuit.

However, based on his previous remarks, it seems like the billionaire claims that the social media company has not complied with his requests for information regarding bot and spam activity on the platform.

Adding that the company is concealing relevant information in order to ensure that the acquisition would be successful.

According to Twitter's lawsuit filing, "Twitter brings this action to enjoin Musk from further breaches; to compel Musk to fulfill his legal obligations; and to compel consummation of the merger upon satisfaction of the few outstanding conditions."

The social media company did not release any further comments after that. However, the company's board chairman, Bret Taylor, tweeted a statement about it.

Taylor tweeted, "Twitter has filed a lawsuit in the Delaware Court of Chancery to hold Elon Musk accountable to his contractual obligations."

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Twitter's Acquisition

Elon Musk, CEO and founder of Tesla and SpaceX, started his journey with Twitter after he acquired up to 9.2% of stock from the social media company on April 5. He was then asked if he wanted a seat on the board, but he later declined.

He then ventured to offer the company to buy its remaining stocks, all for $44 billion. Musk made the announcement that he was willing to purchase Twitter for $54.20 per share. Less than two weeks later, Twitter accepted his proposal to purchase the company.

According to Engadget, the verdict in Twitter's lawsuit will have far-reaching repercussions no matter what happens, even if the potential for a class action lawsuit is never realized.

In the event that the court rules in favor of Twitter, it has the potential to compel Musk to either carry through with the purchase or pay the breakup expenses associated with the agreement.

Twitter's Spam and Bot Accounts

Twitter's current CEO, Parag Agrawal, published a few statements about the bots and spam accounts on the platform during the height of Musk's complaints about it.

Agrawal proceeds to thoroughly explain that spam is not just binary. The most sophisticated spam campaigns involve a blend of humans and automation that is carefully coordinated.

They also compromise legitimate accounts and then utilize those compromised accounts to further their campaign. That being said, they are clever and difficult to detect.

Combating spam is an extremely dynamic endeavor. Their objectives and their strategies are always changing-frequently in reaction to the work that Twitter does.

It is not possible to construct a set of rules to identify spam today in the belief that they will continue to be effective tomorrow.

The CEO said that the company investigates and terminates over half a million spam accounts every day, the vast majority of which occur before anyone even notices them on Twitter. In addition, each week they lock millions of accounts that we have reason to believe may be used for spam.

He added that the challenge in combating this is that there are spam looking accounts on the platform that are actually used and created by real humans.

On the other hand, there are also a plethora of accounts on Twitter that look real on the surface but are definitely harmful spam accounts.

In the end, the Twitter CEO stated, "We shared an overview of the estimation process with Elon a week ago and look forward to continuing the conversation with him."

The majority of the reasoning and speculation surfacing on the internet might or might not be true. Since Musk is still silent despite the vastness of what is at stake in this acquisition.