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Twitter Rejects Musk's Fraud Accusations

By Senad Karaahmetovic Tesla (NASDAQ:TSLA) CEO Elon Musk condemned Twitter (NYSE:TWTR) for fraud, arguing the social media company provided misleading information about the...
Twitter Rejects Musk's Fraud Accusations © Reuters Twitter (TWTR) Rejects Musk's Fraud Accusations

By Senad Karaahmetovic

Tesla (NASDAQ:TSLA) CEO Elon Musk condemned Twitter (NYSE:TWTR) for fraud, arguing the social media company provided misleading information about the condition of its business and key data related to the platform users before he agreed to purchase the company for $44 billion.

In a counter lawsuit, the Tesla boss said he decided to end the merger agreement after he learned about “troubling facts” about Twitter’s business, including the company’s restatement of its monetizable daily average users just days after the deal was signed. He alleged that Twitter misrepresented the information about the true number of false and spam accounts on the platform.

“Twitter’s own disclosures to the Musk parties show that although Twitter touts having 238 million ‘monetizable daily active users,’ those users who actually see ads (and thus, would reasonably be considered ‘monetizable’) is about 65 million lower than what Twitter represents,” Musk said in a court filing.

In response, Twitter’s board chairman Bret Taylor published a tweet saying Musk’s allegations “are factually inaccurate, legally insufficient, and commercially irrelevant.” Taylor also provided a link to Twitter’s 127-page response, adding the company is looking forward to the upcoming trial in Delaware, scheduled for October 17.

The social media giant also said Musk’s claims about being misled are implausible and added that Tesla’s CEO shouldn’t be allowed to back out of the deal solely due to his concerns over the number of spam and bot accounts.

“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,” Twitter said.

“The billionaire comes up with representations Twitter never made and then tries to selectively wield the confidential data he received from Twitter “to conjure a breach of those purported representations,” the company added.

This morning, a Susquehanna analyst cut the rating on Twitter shares to Neutral from Positive with a $45 per share price target.

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BROKERS ĐƯỢC CẤP PHÉP
net_home_top Ai VIF
09-08-2022 12:21:19 (UTC+7)

EUR/USD

1.0195

0.0000 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

EUR/USD

1.0195

0.0000 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

GBP/USD

1.2084

+0.0008 (+0.07%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (3)

Sell (2)

USD/JPY

134.95

-0.06 (-0.04%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6973

-0.0015 (-0.21%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (5)

Sell (3)

USD/CAD

1.2859

+0.0004 (+0.04%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (0)

Sell (7)

EUR/JPY

137.57

-0.07 (-0.05%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

0.9736

-0.0001 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (1)

Gold Futures

1,801.75

-3.45 (-0.19%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (3)

Silver Futures

20.670

+0.056 (+0.27%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (11)

Copper Futures

3.5780

-0.0090 (-0.25%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Crude Oil WTI Futures

90.58

-0.18 (-0.20%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (4)

Brent Oil Futures

96.42

-0.23 (-0.24%)

Summary

↑ Sell

Moving Avg:

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Sell (10)

Indicators:

Buy (1)

Sell (8)

Natural Gas Futures

7.669

+0.017 (+0.22%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

US Coffee C Futures

211.38

+1.93 (+0.92%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (6)

Euro Stoxx 50

3,757.22

+31.83 (+0.85%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (4)

Sell (5)

S&P 500

4,140.06

-5.13 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (7)

DAX

13,622.54

-65.15 (-0.48%)

Summary

Neutral

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (5)

Sell (2)

FTSE 100

7,482.37

+42.63 (+0.57%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

Hang Seng

20,118.50

+72.73 (+0.36%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

US Small Cap 2000

1,941.21

+19.38 (+1.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (2)

IBEX 35

8,272.50

+104.50 (+1.28%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (4)

Sell (6)

BASF SE NA O.N.

44.800

+0.780 (+1.77%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (4)

Bayer AG NA

52.95

-0.33 (-0.62%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Allianz SE VNA O.N.

177.84

+1.20 (+0.68%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

Adidas AG

175.10

+3.54 (+2.06%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (2)

Deutsche Lufthansa AG

6.751

+0.025 (+0.37%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (4)

Siemens AG Class N

109.40

+0.76 (+0.70%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

Deutsche Bank AG

8.799

+0.044 (+0.50%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

    EUR/USD 1.0195 ↑ Buy  
    GBP/USD 1.2084 Buy  
    USD/JPY 134.95 ↑ Buy  
    AUD/USD 0.6973 Neutral  
    USD/CAD 1.2859 Neutral  
    EUR/JPY 137.57 ↑ Buy  
    EUR/CHF 0.9736 ↑ Buy  
    Gold 1,801.75 ↑ Sell  
    Silver 20.670 ↑ Sell  
    Copper 3.5780 ↑ Sell  
    Crude Oil WTI 90.58 Sell  
    Brent Oil 96.42 ↑ Sell  
    Natural Gas 7.669 ↑ Sell  
    US Coffee C 211.38 ↑ Sell  
    Euro Stoxx 50 3,757.22 ↑ Sell  
    S&P 500 4,140.06 ↑ Sell  
    DAX 13,622.54 Neutral  
    FTSE 100 7,482.37 ↑ Sell  
    Hang Seng 20,118.50 ↑ Sell  
    Small Cap 2000 1,941.21 ↑ Buy  
    IBEX 35 8,272.50 ↑ Sell  
    BASF 44.800 Neutral  
    Bayer 52.95 ↑ Buy  
    Allianz 177.84 Neutral  
    Adidas 175.10 ↑ Buy  
    Lufthansa 6.751 Buy  
    Siemens AG 109.40 ↑ Buy  
    Deutsche Bank AG 8.799 ↑ Sell  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,630/ 6,730
(0/ 0) # 1,668
SJC HCM6,630/ 6,730
(0/ 0) # 1,669
SJC Hanoi6,630/ 6,732
(0/ 0) # 1,671
SJC Danang6,630/ 6,732
(0/ 0) # 1,671
SJC Nhatrang6,630/ 6,732
(0/ 0) # 1,671
SJC Cantho6,630/ 6,732
(0/ 0) # 1,671
Cập nhật 09-08-2022 12:21:21
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ↀ Giá vàng thế giới
$1,788.02 +23.71 1.34%
Live 24 hour Gold Chart
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Sản phẩm Vùng 1 Vùng 2
RON 95-V26.28026.800
RON 95-III25.60026.110
E5 RON 92-II24.62025.110
DO 0.05S23.90024.370
DO 0,001S-V25.88026.390
Dầu hỏa 2-K24.53025.020
ↂ Giá dầu thô thế giới
WTI $89.96 -0.17 -0.19%
Brent $95.76 0 0%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.220,0023.530,00
EUR23.217,6924.517,91
GBP27.515,7528.689,21
JPY168,67178,56
KRW15,5018,89
Cập nhật lúc 12:18:21 09/08/2022
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