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Is Musk a small victory? Judge asks Twitter to provide information on executives evaluating fake accounts

  • linda
  • 2022-08-16 12:06:19
  • 272 read
  A week after accusing Twitter of withholding key witnesses, Musk finally got information from a former Twitter...

  A week after accusing Twitter of withholding key witnesses, Musk finally got information from a former Twitter executive.

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  On August 15, local time, a Delaware Court of Chancery judge asked Twitter to provide Elon Musk with information about the former general manager of consumer products. Musk said the executive was a key figure in the statistical assessment of the number of fake accounts on Twitter.

  According to Judge Kathaleen McCormick, Twitter is required to collect, evaluate and produce documents based on content provided by former consumer products general manager Kayvon Beykpour and provide this document to Musk.

  Beykpour joined Twitter in 2015 and was fired in May, according to Bloomberg. In 2015, Twitter acquired Beykpour's live video app Periscope, and he himself joined Twitter and rose rapidly under the leadership of former CEO Jack Dorsey (Jack Dorsey). Before leaving, Beykpour was leading Twitter to explore new areas, such as real-time audio spaces and instant messaging.

  The product team led by Beykpour is responsible for expanding the number of Twitter users, and Musk has questioned the quality of that user base. In court documents filed by Musk, Beykpour was described as one of the executives "most closely involved" in tallying the number of Twitter spam accounts.

  Last week, Musk's legal team sent a letter to a judge asking Twitter to provide a list of 22 "record keeper" dedicated to assessing fake accounts on the platform after Musk accused Twitter of hiding key witnesses in the legal proceedings. But the judge rejected the request, finding that Twitter did not need to provide information on the 21 other employees other than Beykpour.

  After agreeing to be acquired by Musk in April, Twitter has undergone major personnel changes. Beykpour and former revenue product chief Bruce Falck left in May, and three core executives have since left: Ilya Brown, vice president of product management, Katrina Lane, vice president of services, and Max Schmeiser, head of data science.

  Bloomberg said this reflects Twitter's turbulent state after agreeing to be acquired by Musk. Now, lawsuits have exacerbated the situation, and measures such as cost-cutting and slowing hiring can confuse employees, who are starting to worry about the projects they’re working on and the teams they’re on that aren’t valued at the top.

  On August 6, Musk said on social media that if Twitter can confirm the details of how to assess whether a user is a fake account or a real person, he will continue to acquire Twitter for $44 billion, and if Twitter submits a complaint to the U.S. Securities and Exchange Commission. The filings are false and he will not proceed with the acquisition of Twitter.

  Last week, Musk sold about 7.9241 million Tesla shares worth about $6.9 billion. Musk said he would buy back Tesla stock again if it doesn't need to go ahead with the acquisition of Twitter.

  The case between Musk and Twitter is set for a five-day trial on October 17.

  At the close on August 15, Twitter’s stock price rose 0.5% to $44.50 per share, which was lower than Musk’s purchase price of $54.20 per share.


TAG: Musk

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