Twitter can also be Twitter canmade liable for fraudulent disclosure on bots, thinks Musk

In a tweet to the musk, a follower wrote to Musk that under the Rule of SEC 10B-5, Twitter “can be responsible for negligence or misleading material. Taking aside the complete test does not mean you have to accept fraudulent disclosures (modest bots)”.

Musk replied: “Right”.To establish claims based on 10B-5 regulations, the Plaintiff (including SEC) must show manipulation or fraud (through mistaken and/or negligent representation), among other rules.Tesla’s CEO has ended the agreement of the $ 44 Twitter Takeover because he did not believe what Agra said to him about the actual number of the platform.

When Musk threatened to cancel the Twitter acquisition agreement worth $ 44 billion, the micro-blogging platform revealed that they suspended more than 1 million SPAM accounts a day.One million numbers including accounts that were removed when they tried to join the platform and therefore never counted as daily users.

The new number represents the multiplication of previous updates.Agrawal said in May that the SPAM account suspension runs 500,000 a day.Twitter has stated consistently in his quarterly results since 2014 that he estimates the problem of his spam account to represent less than 5 percent of his daily active users, a figure who was never trusted by Musk.

The microblogging platform has only under 230 million daily active users.Musk-twitter battles have now reached court, with the US court ordered the trial to begin in October.Experiments will last for five days – longer than those requested by Twitter but shorter than Musk. The right date has not been scheduled.A new report -new said that Musk plans to file a back lawsuit against the microblogging site to cancel the agreement.