Months ago, Elon Musk made a bid to purchase Twitter for $44 billion. Musk made declarations on how he would improve the app and the importance of freedom of speech on Twitter as well. In the last few weeks, Musk hasn’t been talking about Twitter as much as he did before the purchase, and now he is trying to back out of his purchase of Twitter.
Now, Twitter has filed a 62-page lawsuit suing Musk on accusations of him breaching an agreement to purchase Twitter. Musk’s reason for backing out is Twitter failed to give him enough information on the number of fake accounts that are on the app. Twitter says they have given Musk disclosure of the spam accounts on the app, has run business ordinarily and kept Musk updated on such matters, claimed Musk breached deal terms by disparaging Twitter, and several other reasons. They also claimed that Musk’s “trolls” of the app helped drive the share price down as well.