It has been claimed that Elon Musk's legal team has issued a subpoena for the records of Jack Dorsey, who formerly served as CEO of Twitter.
Yesterday, the Wall Street Journal published an article.
The issuance of a subpoena is the first indication that the co-founder of the social media company may participate officially in the court battle concerning the $44 billion takeover proposal involving Tesla's CEO.
Jack Dorsey, the co-founder of Twitter Inc. and a former top executive, has been served with a subpoena by Elon Musk's legal team. This is the first indication that Mr. Dorsey will be officially involved in the court battle over Mr. Musk's stalled $44 billion purchase.
Mr. Musk has requested that Mr. Dorsey provide him with documentation regarding the impact that fake or spam accounts have on the revenue generated by the social media network. In addition, the Chief Executive Officer of Tesla Inc. is inquiring about Twitter's utilization of monetizable daily active users, also known as MDAUs, as a significant statistic, as well as any other metrics that the company may employ to represent the engagement of users or advertisers.
In addition, Elon Musk tweeted yesterday and shared a segment of a story from the far-left Washington Post. The article claims that the Board of Directors of Twitter had separate reports on bots, but they omitted them from their SEC filings. Musk tweeted and shared the item. If the outcomes are different than what is documented in the financial supplements that are submitted to the SEC, then this is the fabrication of records.
— Elon Musk (@elonmusk) August 23, 2022
According to prior reports, Twitter is in deep legal jeopardy if it was found to have provided the SEC with misleading information.