Poopgate Part TWO! Twitter uses Musk’s 'poop emoji' tweet as proof he 'trashed company' before walking away
Twitter is suing Elon Musk after he backed out from a $44 billion agreement to buy the company. In a lawsuit filed on Tuesday, July 12, in Delaware, against the world’s richest man, the firm has reportedly used his tweets, including poop emoji, as evidence against him. Twitter has accused Musk of trivializing the tech giant’s image publicly before walking away.
The 62-page legal filing states, “Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he – unlike every other party subject to Delaware contract law – is free to change his mind, trash the company, disrupt its operations, destroy stockholder value and walk away.”
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As per reports, Musk had responded with the smiling poop emoji in May when Twitter CEO Parag Agrawal shared how the company deals with spam and fake accounts. He had tweeted, “We suspend over half a million spam accounts every day, usually before any of you even see them on Twitter. We also lock millions of accounts each week that we suspect may be spam – if they can’t pass human verification challenges (captchas, phone verification, etc).”
We suspend over half a million spam accounts every day, usually before any of you even see them on Twitter. We also lock millions of accounts each week that we suspect may be spam – if they can’t pass human verification challenges (captchas, phone verification, etc).
— Parag Agrawal (@paraga) May 16, 2022
The hard challenge is that many accounts which look fake superficially – are actually real people. And some of the spam accounts which are actually the most dangerous – and cause the most harm to our users – can look totally legitimate on the surface.
— Parag Agrawal (@paraga) May 16, 2022
Agrawal had also said: “The hard challenge is that many accounts which look fake superficially – are actually real people. And some of the spam accounts which are actually the most dangerous – and cause the most harm to our users – can look totally legitimate on the surface,” before he added, “Our actual internal estimates for the last four quarters were all well under 5% – based on the methodology outlined above. The error margins on our estimates give us confidence in our public statements each quarter. Unfortunately, we don’t believe that this specific estimation can be performed externally, given the critical need to use both public and private information (which we can’t share). Externally, it’s not even possible to know which accounts are counted as mDAUs on any given day.”
Our actual internal estimates for the last four quarters were all well under 5% – based on the methodology outlined above. The error margins on our estimates give us confidence in our public statements each quarter.
— Parag Agrawal (@paraga) May 16, 2022
Unfortunately, we don’t believe that this specific estimation can be performed externally, given the critical need to use both public and private information (which we can’t share). Externally, it’s not even possible to know which accounts are counted as mDAUs on any given day.
— Parag Agrawal (@paraga) May 16, 2022
But the Tesla CEO had mocked him with the emoji as he asked him, “So how do advertisers know what they’re getting for their money? This is fundamental to the financial health of Twitter.”
So how do advertisers know what they’re getting for their money? This is fundamental to the financial health of Twitter.
— Elon Musk (@elonmusk) May 16, 2022
Then last week, Musk declared that he was not going to proceed with the takeover of the company because of the issues, like as part of the agreement Twitter failed to give adequate details on spam accounts; it “misrepresented the number of spam accounts in its disclosures to the US financial watchdog; and the company breached the agreement by failing to consult Musk when firing senior employees recently,” The Guardian reported. Besides, recently in response to a tweet by Shacknews, the 51-year-old explained that the emoji in question means “BS” — an abbreviation for “bulls**t”.
But now through the lawsuit, Twitter wants the court to force Musk to complete the deal, which he signed in April, at $54.20 per share. Several legal and financial experts believe Twitter could win. The social network company has alleged that as reported by The Daily Mail “Steadfast in its commitment to consummate the merger, Twitter continued to try to get Musk's team what it demanded while safeguarding its customers' data and harboring very real concerns about how Musk might use the data if he succeeded in escaping the deal.”
It also noted that “Twitter has bent over backwards to provide Musk the information he has requested, including, most notably, the full 'firehose' data set that he has been mining for weeks — and has been continuing to mine since purporting to terminate — with the assistance of undisclosed data reviewers.”
Wedbush analyst Dan Ives has reportedly reacted to the legal drama as he said that “many investors spent last night reading the case and ultimately concluded that this Game of Thrones battle in court will result in some version of a Twitter win. This will be a fierce battle in court with the fake account/bot issue front and center, but ultimately Twitter's Board is holding Musk's feet to the fire to finish the deal at the agreed upon price.”
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Social media expert and industry commentator, Matt Navarra, also stated, “Twitter describes Elon Musk as a hypocrite who has trashed the company and caused ‘irreparable damage’. Yet Twitter wants a judge to force Elon Musk to pay up and complete the 44 billion dollar takeover deal he started. This could end up being the world's most expensive case of ‘If you break it, you pay for it.’”