The upcoming legal battle between Elon Musk and Twitter is not exactly a secret. Elon Musk gave up trying to buy Twitter because he believes the firm did not offer accurate information. Due to Musk’s decision to forego the transaction, Twitter is suing him. In light of this, Elon Musk chose to subpoena Jack Dorsey , the co-founder and former CEO of the business.
Elon Musk chooses to replace Jack Dorsey in the Twitter trial. Nevertheless, the legal dispute is set to begin in October as Elon Musk tries to renege on his $44 billion agreement to buy the business. Though we still don’t know how, Musk definitely thinks that having Jack Dorsey there will be to his advantage.
This subpoena asks for any documents or correspondence that reflect, allude to, or discuss how fraudulent or spam accounts have affected Twitter’s commercial operations. Additionally, it makes use of documents that explain how Twitter employs mDAU, or monetizable daily active users, as a crucial measure.
Advertisement It’s interesting to note that Jack Dorsey previously supported Elon Musk’s attempt to acquire Twitter. He claimed at the time that he could save the business from a hopeless circumstance. However, Dorsey stayed silent regarding this complaint.
It also asks documentation related to adding mDAU to executive or director salary, which is very intriguing. Evidently, Elon Musk knows how to show Twitter is in error.
There will be more former Twitter executives in court. Not just Jack Dorsey, but other former Twitter executives will also testify in court. In addition, Elon Musk chose to summon Bruce Falck, a former head of revenue, and Kayvon Beykpour, a former head of products at Twitter.
Advertisement The trial is expected to begin on October 17 and last for five days. So, hopefully, everything will be over by October 22.
Elon Musk’s decision to back out of the agreement had an impact on Twitter as a whole, not only on the value of its stocks. We’ll have to wait and see if Twitter succeeds or if Elon Musk can show that the information he demanded from Twitter was untrue.