Twitter uses Elon Musk's poop emoji reply to CEO Parag Agrawal to claim billionaire disparaged the tech giant, legal filings show - as company looks to force through $44 billion takeover

Daily Mail ^

[algore]

Twitter's legal complaint accusing Elon Musk of violating his $44 billion takeover agreement includes an unusual exhibit

The lawsuit filed on Tuesday in Delaware cites Musk's May 16 tweet, among others, as evidence that he publicly disparaged Twitter, in violation of the merger agreement, before he backed out of the deal entirely.

Musk's tweet with the smiling poop emoji came in response to Twitter CEO Parag Agrawal, who had sent several tweets explaining the company's procedures to combat spam and fake accounts, a battle Agrawal described as 'dynamic.'

Last week, Musk said he was terminating the buyout deal over concerns about bots and fake accounts, and he responded to the lawsuit with a tweet explaining that his use of the colorful emoji was shorthand for 'BS', a common abbreviation for 'bulls**t.'

Now Twitter is seeking a court judgement to force Musk to buy the company at $54.20 per share, as he agreed in the April 25 merger deal -- and many legal and financial experts believe the social media platform has a strong case.

Twitter's lawsuit cites numerous tweets from Musk as evidence that he violated the merger agreement by disparaging the company and revealing non-public information.

In one May 17 tweet, Musk appeared to encourage the SEC to investigate the accuracy of Twitter’s public disclosures.

The company argues that these tweets violate the merger agreement, which states in part that Musk is allowed to tweet about the buyout 'so long as such Tweets do not disparage the Company or any of its Representatives.'

While Musk's tweets are presented as evidence he has been pursuing the takeover in 'bad faith' -- but the crux of Twitter's argument is that the world's richest man is bound by the deal to buy the company he signed on April 25.

[Veto!]

My cat has an account at Twitter. All the dear little kitties use the poop emoji. But Elon can’t?

[egfowler3]

"Worst case for Elon is he is out a billion for a company worth much much less than the $44B he was offering.

"He may still go through with it, but at half the price."

AND, then, SELL his shares of Twitter stock at much cheaper price thus further dropping their price.

Twitter should have just given Elon Musk what his contract required of them.

[Therapsid]

Trump pushed “warpspeed” hes done .. musks mother is a nazi .. his father impregnated his step sister twice ... and is pushing ai intigration w humans .. idk what you all are thinking but .. theres not gonna be an election anyway ... probly invasion on west coast ... before then