Vidostream | News, sport and opinion from the Vidostream's US Edition

https://vidostream.com

Elon Musk’s Lawyers Seek Documents From Former Twitter Chief Jack Dorsey

Subpoena is first sign the social-media firm’s co-founder will be an official part of the legal fight over Tesla CEO’s $44 billion takeover deal
Twitter co-founder Jack Dorsey stepped down from the firm’s top job last year. PHOTO: EVA MARIE UZCATEGUI/BLOOMBERG NEWS

Twitter co-founder Jack Dorsey stepped down from the firm’s top job last year. PHOTO: EVA MARIE UZCATEGUI/BLOOMBERG NEWS

Elon Musk’s lawyers have sent a subpoena to Jack Dorsey, the first indication that Twitter Inc.’s TWTR -2.23%▼ co-founder and former chief executive will be officially involved in the legal fight over Mr. Musk’s stalled $44 billion deal.

Mr. Musk is seeking documents from Mr. Dorsey relating to the effect of false or spam accounts on the social-media platform’s business. The Tesla Inc. TSLA -2.28%▼ CEO is also seeking information about Twitter’s use of monetizable daily active users, or MDAUs, as an important metric and any other metrics the company might use to describe user or advertiser engagement.

Twitter sued Mr. Musk in July for attempting to abandon his takeover of the company. A five-day trial for the case is scheduled to start Oct. 17 in Delaware Chancery Court. Mr. Musk countersued earlier this month, accusing the company of fraud for allegedly misrepresenting the condition of the business and metrics about users on the platform.
 


 
As Elon Musk attempts to buy Twitter, WSJ looks back at Twitter’s past suitors, like Salesforce, Disney and Alphabet. Tech reporter Tim Higgins explains why those past conversations fell through and what's different this time. Illustration: Nikki Walker

The subpoena sent to Mr. Dorsey, dated Aug. 19 and made public Monday, is one of dozens that have been issued by both parties in the case in recent weeks, including to members of Mr. Musk’s inner circle of Silicon Valley investors, friends and financial backers. It is particularly noteworthy given Mr. Dorsey’s former role at Twitter and the yearslong relationship between the two men.

“Elon is the singular solution I trust,” Mr. Dorsey tweeted on April 25, the day Twitter accepted Mr. Musk’s bid. “I trust his mission to extend the light of consciousness.”


Read More (...)

Author: Editors Desk

Source: WSJ:

We are using cookies to give you the best experience on our website. By continuing to browse, you are agreeing to our Cookie Policy.
You did not use the site, Click here to remain logged. Timeout: 60 second