Jack Dorsey subpoenaed by Elon Musk

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Image Source: CNN

As part of his legal dispute with the tech giant, Elon Musk has filed a lawsuit to order Twitter co-founder Jack Dorsey to appear in court.

Mr. Musk is attempting to cancel his $44 billion contract with Twitter after complaining that the company didn’t give him enough information about phony account numbers.

But in an effort to compel Mr. Musk to purchase it, the social media platform is suing him.

In the absence of an early settlement between the parties, the matter will be tried in Delaware, US, in October.

Twitter is hoping that a judge would instruct billionaire Elon Musk to complete the transaction at the agreed-upon share price of $54.20.

However, as part of the trial preparations, Mr. Musk’s attorneys have consulted with his friend, Mr. Dorsey, the former CEO of Twitter, in the hopes that he will support the Tesla CEO’s claim that the social media giant hasn’t been truthful about the number of phony accounts using its site.

A subpoena is a legal writ or document that commands the production of evidence, such as records or papers, before a court or summons someone to appear in court.

The corporation sued the billionaire after he announced in July that he intended to back out of the purchase of Twitter.

Mr. Musk claimed that Twitter was hiding information regarding phony accounts, but the business countered that these claims were just pretexts for buyer’s remorse.

People who had intended to invest in the arrangement with Mr. Musk have received subpoenas from the website on their own.

Where Jack Dorsey stands on Musk’s Twitter bid

When Mr. Musk revealed his offer to purchase the firm in April, Mr. Dorsey, who had left his position as Twitter’s CEO in November of the previous year, tweeted in favor of him, writing: “I only have faith in Elon as a single solution. But, I have faith in his effort to spread consciousness.”

A US judge decided last month that the trial for Twitter’s lawsuit against Mr. Musk should take place in October.

Read Also: Judge orders Twitter must hand over crucial documents 

Earlier in August, Mr. Musk sold an additional 7.92 million Tesla shares for around $6.88 billion (£5.7 billion), claiming that he needed the cash in case he had to acquire Twitter.

According to Mr. Musk’s countersuit against Twitter, his team found a third of visible Twitter accounts fraudulent. The researchers calculated that percentage and determined that at least 10% of daily active users are bots.

Leading bot researchers, however, have cast doubt on documents submitted by his legal team in his dispute with Twitter.

According to its estimation, less than 5% of Twitter’s daily active users are bot accounts.