This article was added by the user . TheWorldNews is not responsible for the content of the platform.

Elon Musk's counterclaim accuses Twitter of fraudulent transactions of more than $ 44 billion

CEO Elon Musk
Elon Musk's counterclaim alleges Twitter committed fraud, breach of contract, and violations of Texas securities laws. AP

Elon Musk said his $44 billion deal was canceled accused Twitter of fraud in a counterclaim against He said the company hid necessary information and misled the team about its true user base, according to media reports.

According to The Washington Post, the billionaire and Tesla CEO filed a counterclaim on Thursday alleging Twitter committed fraud, breach of contract, and violations of Texas securities laws. is doing.

Musk's counterclaim was filed in secrecy last week and was filed late Thursday in Chancery Court in Delaware, the Wall Street Journal reported. .

Musk made an offer to buyearlier this year, but later claimed that his platform was infested with more "spambots". , tried to withdraw the deal. Fake accountthan Twitter revealed.

Twitter sued and forced him to complete the acquisition. Mr. Musk responded by filing a counterclaim.

Musk's attorneys have stated that Twitter's own disclosures indicate that the number of "monetizable daily active users" who can display digital ads exceeds Twitter's claimed 238 million people. 65 million fewer people. reported the Journal.

The filing also states that most of Twitter's ads only appear to a small percentage of the company's user base, the Post said.

In an unexpected twist, Twitter submitted a responsedenying Musk's accusationsbefore Musk's own counterclaims surfaced.

Twitter called his Musk reasoning "a tale Musk imagined trying to escape a merger deal that no longer appealed to him."

This case is scheduled for trial on October 17th.