Twitter’s former CEO, Jack Dorsey has been subpoenaed by Tesla CEO Elon Musk. Dorsey has allegedly been served to help Musk arrange for relevant documents which could assist him in backing out of the $44 Billion deal to acquire Twitter.
Dorsey, Musk’s friend and a co-founder of the micro-blogging platform, Twitter, was served with the legal papers last week.
Tesla CEO Elon Musk has subpoenaed his friend and former Twitter CEO Jack Dorsey as part of an effort to back out of his $44 billion agreement to acquire the company Dorsey helped found, according to a court document. https://t.co/nAFzEm36L3— The Associated Press (@AP) August 22, 2022
October 17, 2022, was the date set for the trial between Twitter and Musk. A Court of Delaware was to decide if Musk was to be mandated to carry on with the acquisition.
The served documents require Mr. Jack Dorsey to provide all relevant documents of the acquisition which was about to take place, data kept on the number and details of fake accounts, and the number of users.
Entrepreneurs and investors associated with the tech giant, Musk, have also been subpoenaed by Twitter. Mr. Andreesen, a renowned venture capitalist, and Mr. Sacks, a prominent official of PayPal, are among the summoned.
Musk has made a few claims, mostly, about the lack of correct information on fake accounts. He has claimed that Twitter has not held up its part of the deal by firing managing staff and a considerable number of employees.