2 Reasons Elon Musk's Twitter Break-up Is Destined to Lose In Court
Exciting news dropped over the last couple of days when Elon Musk officially announced he intends to back away from his Twitter (NYSE: TWTR) buyout deal. Musk's lawyers say the company has refused to give them proper information regarding how many Twitter accounts are bots, meaning it broke its contractual obligations.
The main accusation is that the percentage of spam bots among the monetizable daily active users (mDAUs) is materially higher than the 5% number Twitter purports in its financial documents. Immediately after the announcement from the Musk team, Twitter's board chair Bret Taylor tweeted (of course) that the company plans to take Musk to court in order to legally force him to close the deal at the agreed-upon price.
Here are two reasons Elon Musk will be legally forced to close the Twitter deal, and why he might slither out unscathed.
Source Fool.com
