Musk is digging in over at Twitter —and he’s uncovered a potential bombshell.
According to a Fox Business report, billionaire and new Twitter sheriff Elon Musk may have uncovered proof that Twitter was intentionally hiding evidence from the court —proof of fraudulent metrics at the social media giant.
Musk shared the news on Twitter:
“Wachtell & Twitter board deliberately hid this evidence from the court. Stay tuned, more to come …”
Wachtell & Twitter board deliberately hid this evidence from the court. Stay tuned, more to come … pic.twitter.com/CifaNvtRtt
— Elon Musk (@elonmusk) October 31, 2022
From Fox Business:
Proof of “fraudulent metrics” at Twitter may serve as a basis for arguments that Musk significantly overpaid in the $44 billion deal. Musk said earlier this month that he “obviously” paid more than the company was currently worth.
In July, Musk told Twitter that he planned to terminate the deal he announced in April over speculations about the amount of spam accounts on the website, prompting Twitter to file a lawsuit.
After Twitter accused Musk of not following his obligations under their agreement, Musk filed a countersuit. The entrepreneur changed course by announcing that he would proceed with his original $54.20 per share offer to buy the platform in October.
In the screenshot, Twitter’s Global Head of Safety & Integrity Yoel Roth suggested that he would imply a Twitter personnel named Amir used “fraudulent metrics” to report objectives and key results (OKRs).
Since the takeover, Musk has been aggressively digging into the blue bird, including handing the code over to his Tesla engineers for a deep dive. Musk also cleaned house, firing multiple top-level executives.