• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
Elon Musk

Elon Musk Claims Twitter Committed Fraud In $44 Billion Deal Countersuit

Christian Encila by Christian Encila
1 year ago
in Dogecoin, Twitter
0

Elon Musk and Twitter are set for another court showdown as the billionaire launches a countersuit against the social media giant, which sued him for canceling the $44 billion contract to acquire the platform.

Tesla and SpaceX CEO Elon Musk and his legal counsels are alleging in a recent filing that Twitter hoodwinked them about the social media giant’s “key metrics,” and manipulated its value in an attempt to induce the billionaire to purchase the firm at a jacked-up price.

Musk offered to purchase Twitter earlier this year, but changed his mind and attempted to back out of the agreement by asserting the social media network was plagued with a significantly bigger number of “spam bots” and bogus accounts than Twitter reported.

The filing accuses fraud and contends that Twitter’s filings to the Securities and Exchange Commission were “far from the truth” and “contain multiple, major misrepresentations or omissions that distort Twitter’s value.”

Related Reading: Bitcoin Is A ‘Remarkable Cryptographic Achievement,’ Ex-Google CEO Says

Elon Musk: Twitter Uses Bots And Lies About User Count

Twitter claimed in its response that its SEC filings are correct and that the firm “made no misrepresentations,” according to The Washington Post and The Wall Street Journal.

Musk claims Twitter is lying about its active user count and how many of them are bots, and that his fraud allegations against the firm are adding to a so-called “adverse effect” that should allow him to withdraw from the contract, The Verge disclosed.

The notion that Musk was “duped” into signing the merger is “as improbable and contradictory to the facts as it sounds,” Twitter stated, adding Musk is allegedly creating justifications to get out of the deal, according to reports.

As part of its lawsuit against Elon Musk, Twitter has subpoenaed cryptocurrency exchange Binance and over a dozen of Musk’s advisors and potential lenders. Musk disclosed in May that he has secured investment from 18 firms, including Binance, to acquire Twitter.

The ‘Dogefather’ And His Influence On Crypto Community

Elon Musk, the wealthiest man in the world, is a well-known Dogecoin enthusiast. In a recent appearance on the Full Send Podcast, the self-proclaimed “Dogefather” stated that Dogecoin’s blockchain had a significantly higher transactional capacity compared to Bitcoin.

Elon Musk’s influence on the cryptocurrency community has been scientifically demonstrated. According to a research conducted by Dr. Lennart Ante for the Blockchain Research Lab, the “Musk Effect” is real.

Every time the billionaire comments about Dogecoin on Twitter, the price of this cryptocurrency typically rises relatively quickly.

Twitter describes Musk’s rationale for withdrawing from the acquisition agreement as “a tale he made up to exit a merger agreement he no longer found appealing.”

The trial between Twitter and Elon Musk is slated to begin on October 17.

Related Reading: Bitcoin ATMs Are Springing Back To Life In Japan After 4-Year Hibernation

DOGE total market cap at $9.11 billion on the daily chart | Source: TradingView.com

Featured image from Nikkei Asia, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Christian Encila

Christian Encila

Related Posts

Elon Musk Dogecoin X

Elon Musk Wants To Deter X Bots With New Pay Service, Is Dogecoin Involved?

4 days ago
Dogecoin

Dogecoin Inventor And Influencers Dragged Into Elon Musk’s $258 Billion Lawsuit

5 days ago
Dogecoin & Shiba Inu

Here’s How Correlated Dogecoin & Shiba Inu Have Been To Bitcoin

1 week ago
Dogecoin & Shiba Inu

Dogecoin Vs Shiba Inu: How Do The Memecoins Compare In On-Chain Metrics?

2 weeks ago
Dogecoin Litecoin

Litecoin Maximalist Wants Everyone To Know About Important Event That Saved Dogecoin

3 weeks ago
Dogecoin Elon Musk

Leaked Page From Elon Musk’s Biography Reveals Deep Involvement With Dogecoin

3 weeks ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • Analysts Predict Polkadot (DOT) to Stabilize, While QUBE is...

    3 hours ago
  • Seize the Opportunity:Domini.art Could Offer 50X Returns...

    4 hours ago
  • 3 Tokens Under $1 to Buy Now – September 2023 Rising...

    6 hours ago
  • Was Solana’s FTX Fear A ‘Buy The Fear’...

    6 hours ago
  • 3 Undervalued Gems in September 2023: $DOMI, $ARB, $LINK

    9 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.