Twitter to Share Documents with the Information on Spam Accounts to Elon Musk
As per the court orders on Monday, Twitter has to provide Elon Musk the documents from a former Twitter executive whom Musk has mentioned to be a key figure in calculating the amount of fake accounts on the platform.
HIGHLIGHTS
- McCormick was denying Musk's request for access to 21 other people
- Twitter's stock got closed up on 0.5 percent at $44.50 per share
- Musk accused Twitter for misrepresenting the number of real users on the platform
Bot and spam accounts on Twitter had become a central issue within the legal fight over whether Musk should complete his $44 billion acquisition of the social media company.
According to the order which was by the Chancellor Kathaleen McCormick of the Delaware Court of Chancery, Twitter was ordered to gather, review, and produce documents from former General Manager of Consumer Product Kayvon Beykpour.
Beykpour, who had left Twitter once the social media company had agreed in April to be acquired by Elon Musk, was being described in Musk's court filings because one of the executives 'most intimately involved with' was determining the amount of spam accounts.
McCormick has mentioned in her order on Monday that she was denying Musk's request for access to 21 other people with the control over the relevant information.
Last week, Musk's legal team had written to McCormick by asking her to order Twitter so that it would hand over employee names so that they would be questioned accordingly.
Earlier this month, Musk had accused Twitter of fraud for misrepresenting the number of real active users on its platform, which Twitter had eventually denied. The company has accused him of breaching his agreement in order to acquire the company and needed McCormick to order him to finish the deal at $54.20 a share.
On Monday, Twitter's stock got closed up on 0.5 percent at $44.50 per share.
Also Read: Elon Musk wants the Twitter Employees to get questioned