Tensions continue at full speed between Elon Musk and Twitter. The effects of the famous billionaire’s refusal to buy the company in the past weeks and the cancellation of the $44 billion deal continue. While the social media giant is demanding compensation, the famous billionaire claims that the information provided is not true. Finally, the date when the tension between Elon Musk and Twitter will end has been announced.
The trial will take place from 17 to 21 October.
Twitter suffered a loss in the second quarter of this year compared to last year due to the uncertainty created by Elon Musk in the market, and the stocks in the market fell, the company blamed Elon Musk for this situation. According to the calendar published by Judge Kathaleen McCormick, the judicial process between the famous billionaire and Twitter will last only 5 days, and between these dates the parties will defend themselves. At the same time, the posts made by the famous business person will be used as evidence in the case.
What did Musk want?
Elon Musk’s legal team had requested that the case be heard in 2023. However, this request was rejected by the court in the past weeks, and the businessman was tried in October. At the same time, Musk claimed that he did not convey the number of bot accounts from the company to him, and claimed that he canceled the agreement for this reason.
What happened between Elon Musk and Twitter?
Musk, the richest living person in the world, asked Twitter to inform him of the number of bot accounts for the agreement to be valid, after he announced that he would buy Twitter for $ 44 billion. Defending that Twitter did not give the number of these bot accounts, Elon Musk announced that he would cancel the agreement. However, it is argued that the main reason for returning from the agreement is the problems of Tesla.
Who is Elon Musk?
The world-famous businessman was born on 28 June 1971 in South Africa. Although many people associate Musk with Tesla and SpaceX organizations, he actually announced his name with PayPal in 2000 and sold PayPal to eBay for $ 1.5 billion 2 years after its establishment. The millionaire, who immigrated to the United States at the age of 20, founded SpaceX in May 2002, right after the success of PayPal, and joined Tesla as a product architect in 2004.
In 2006, Musk contributed to the founding of Solar City, a subsidiary of Tesla, and became CEO of Tesla in 2008. Elon Musk, who also owns companies such as The Boring Company, Neuralink, OpenAI, in addition to these, surpassed Jeff Bezos in the first week of January 2021 and took the title of the richest person.
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