Aug 05, 2022
Twitter calls Elon Musk’s claims ‘factually inaccurate’ ahead of trial for $44billion takeover fail
This news has been received from: the-sun.com
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TWITTER'S legal team has released a 127-page, nearly line-by-line refutation of Elon Musk's claim he was under-informed and misled at the time of the acquisition.
Musk and Twitter will showdown in court on October 17 - until then, both sides vie for control of the public narrative.2Elon Musk made his bid to buy Twitter for $44billion in April and announced his intention to back out in JulyCredit: Reuters 2Twitter intends to hold Musk to the agreement as the sale price is very generous to the shareholdersCredit: Getty Images - Getty
Twitter's latest court filings open with a stinging introduction of Musk as the villain of this acquisition fiasco.
"According to Musk, he - the billionaire founder of multiple companies, advised by Wall Street bankers and lawyers - was hoodwinked by Twitter into signing a $44 billion merger agreement."
"That story is as implausible and contrary to fact as it sounds."
Musk's offer to buy the company in April was completely unsolicited and he waived his right to due diligence.Read More Twitter LawsuitCOSTLY CONSEQUENCES Elon Musk's trial date for failed Twitter takeover confirmed by judgeALL RISE Elon Musk's Twitter case could end in shock twist and he could even face JAIL
At the time of purchase, Twitter was a publicly traded company but few imagined one person would buy the lot and take it private.
Musk has backed himself further into a corner by using bots as his keystone argument.
He once pledged to "defeat the spam bots or die trying!" in a tweet.
Musk may struggle to convince the judge that he meant he could fix a Twitter where 5% of users are spambots, but not more.Most read in News TechTECH TAKEOVER Creepy AI seen creating its own science that human experts don't understandSTARRY-EYED Nasa's James Webb Space Telescope snaps incredible photo of most distant starANCIENT HEADACHE Images show 'shrunken head' as experts discover it belonged to REAL womanOUTSIDE THE BOX Mind-melting optical illusion mystifies Elon Musk – can you work it out?
Relatedly, Twitter continues to push up against the notion that the company misled Musk and his team about the volume of bot accounts.
"Twitter further states that it has not “represented” that false or spam accounts comprise less than 5% of mDAU (but rather that it estimates as much)" Twitter lawyers write in the new filings.
"Twitter deploys spam-detection capabilities that typically remove more than one million spam accounts each day during or shortly after creation," the filings continue.
It's impossible to ignore the fact that Musk's personal wealth has dipped both as a product of uncontrollable economic forces and blowback from his very public feud with Twitter.Read More on The US SunBEAUTY QUEEN MYSTERY JonBenét Ramsey cops urged to re-test DNA on 3 key pieces of evidencePICKERS' DREAM Inside American Pickers star Robbie's $225K store featuring vintage cars
Twitter filings do lightly touch on the idea that the stock market and Musk's personal wealth are down and that dip has soured the billionaire's drive to spend $44billion on the acquisition.
Executives at Twitter certainly hope that Musk will have a difficult time making it look like the company twisted his arm or tricked him.
News Source: the-sun.com
Projected College Football Playoff rankings after Michigan downs Ohio State
Michigan’s emphatic victory over Ohio State will shake up the College Football Playoff rankings and put the Wolverines in line for some first-place votes.
Ohio State was a sizable favorite over Michigan despite sitting just one place ahead of them in the College Football Playoff rankings. The Wolverines proved it was a mistake to doubt them by wallopping their rivals.
Now, it’s Michigan who controls the Big Ten title race. They’ll face the winner of the Big Ten West in the conference championship game with the expectation of clinching a place in the College Football Playoff.
It’s not just a question of a Top 4 place anymore either. That 45-23 victory over Ohio State could give more than few voters an argument to put the Wolverines ahead of the Georgia Bulldogs.Projected College Football Playoff rankings after Michigan downs Ohio State
For now, we’re going to assume Georgia will stay at No. 1. They started slowly against Georgia State but ultimately pulled away for a comfortable win.
Michigan will move up to No. 2 with quite the gap ahead of TCU at No. 3.
A tighter battle between the Buckeyes and Wolverines might have opened the door for a double-dose of Big Ten in the Top 5. However, a dominant showing in the second half by Michigan will do the likes of USC and LSU a favor.USC and LSU are big winners of Michigan’s victory over Ohio State
The No. 4 spot will be up for grabs between the Trojans and Tigers. LSU opened the weekend ranked ahead of USC on the strength of impressive wins over Alabama and Ole Miss. Their game against Texas A&M won’t exactly give them the chance to show off while that Ole Miss win looks less stellar given the Rebels loss to Mississippi State.
Meanwhile, USC has a chance to impress against Notre Dame at the Coliseum. A win may indeed put them over the Tigers come Tuesday.
As for Ohio State, there actually isn’t that much room to fall. They’ll likely land right in front of two-loss Alabama at No. 6. However, with no conference title game appearance on tap, their College Football Playoff hopes are done unless TCU, USC and LSU stumble.Next: 3 quarterbacks who have tanked their 2023 NFL Draft stock
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