Let’s catch you up on what’s happening
Months ago, Elon Musk set forth to buy Twitter for a hefty $44 billion. In the beginning stages, things seemed pretty well. We got news that the Edit button was coming to the platform; the world was made a little better. However, tension eventually began to mount between the billionaire and the billion-dollar company. The arguments sprouted from the number of bot/spam accounts on the Twitter profile. Musk wanted to know just how many fake accounts are on the platform, and he wanted to make sure that it was less than 5% of the 229 million daily users. This was along with other issues that came about on Musk’s end. Namely, the sexual harassment fiasco that lit up and burned out like a match. Fast-forward to a couple of weeks ago, as we see Elon signing a document that would terminate the deal. He said that this was merely because Twitter wouldn’t disclose the number of bot accounts. However, Twitter didn’t like that and is now suing Musk to force him to buy the company.
Twitter does not want Elon Musk to delay the trial
The social media platform hired a team of tough lawyers and set the trial to take place over a four-day period in September. However, Musk and his team of lawyers proposed that the trial be pushed to February 2023, about six months away. However, Twitter does NOT like that idea, according to CNET. That brings us to today. Twitter presented a nine-page filing to the Delaware Chancery Court on Monday proposing that Elon is unnecessarily prolonging this trial. The documentation says that the request is meant to “complicate and obfuscate”. Whether that’s true or not, we don’t know if Musk will get his wish for a winter trial. On Tuesday, Judge Kathaleen St. J. McCormick will hold a hearing over Zoom at Twitter’s request. This is to decide if the trial should happen in September of half a year away in February. Depending on the final decision given during this hearing, the trial could happen sooner or later. The decision given tomorrow could also have an effect on the final outcome of the trial itself. That, in turn, will decide what happens to Twitter in the long run. Would the platform be negatively affected by having a reluctant owner? Not only that but, if Elon is forced to own Twitter, how long will he keep it? There are a lot of questions up in the air, and they’ll remain there as this trial drags on. We’ll hear more about the trial once we get the final answer during the hearing tomorrow.
