Elon Musk too busy to deal with trial over failed Twitter deal
September 7, 2022 by AHEFC Editor
On Wednesday, a judge ruled that the case would go ahead in Delaware from 17 October 2022 after deciding that if Elon Musk’s request to push it into November were granted, it would damage Twitter’s business.
“I’m sorry, your Honor, but I’m just too busy shooting rockets into space and inventing the future to deal with this right now.” – Elon must be thinking
Zatko, who used to be in charge of security at Twitter, said that the company was very careless about a few different areas of information security. He also said that Twitter tricked Musk about bot accounts- which is a huge part of his argument for why the deal should be canceled.
Elon Musk’s legal team argued on Tuesday that the trial should be delayed so that Musk could investigate the claims by Zatko. Musk has argued that Zatko’s allegations constitute a “company material adverse effect” that substantially altered the business’s value and therefore rendered the deal invalid.
Twitter is suing Tesla & SpaceX CEO Elon Musk for breach of contract after he backed out of a deal to take the company private. Twitter alleges that Musk agreed to buy the company for $54.20 a share in April but then changed his mind as global markets began to decline.