Tesla CEO Elon Musk is asking Twitter co-founder Jack Dorsey to hand over documents tied to a legal fight that will determine whether Musk will have to buy the social media company for $44 billion... via YahooFinance
According to Musk, Twitter failed to turn over enough information about its fake accounts, also known as spam or spam bot accounts, and may have misrepresented the prevalence of those accounts in its regulatory filings. His lawyers characterize the bot data"fundamental to Twitter’s business and financial performance" and necessary to complete the deal.
Specifically, Musk is asking Dorsey, Twitter's former CEO, to turn over documents and communications concerning the effects of false or spam accounts on Twitter’s business and operations. The Tesla CEO asks for more information related to Twitter’s use of mDAU as one of its “Key Metrics" in its filings with the Securities and Exchange Commission. That could include information connected to the relationship between mDAU and Twitter’s present and future revenue projections, and information explaining any ties between mDAU and executive or director compensation.
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