'They're going to fail': Twitter planning to take Elon Musk to court
Twitter is planning to take Elon Musk to court in an attempt to close a takeover deal.
The Tesla CEO recently announced he's withdrawing his $44 billion takeover bid for the social media site.
Mr Musk claims Twitter was deceitful and failed to provide data on how many of its users were made up of fake accounts.
Twitter responded, saying they provided the billionaire with the information requested, which revealed spam accounts make up less than five per cent of its monetiseable daily active users.
“The Twitter board, which I think is going to go down in history as being one of the most incompetent corporate boards ever assembled, they couldn’t run a lemonade stand,” Circle Squared Alternative CIO Jeff Sica said.
“What I believe is going to happen is they’re going to do this masquerade of saying they’re going to sue to get Elon Musk to follow through with his original offer. They are going to fail.”
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