CEO Elon Musk dragged the Indian government into a legal battle with microblogging platform Twitter

Share via:

Tesla CEO Elon Musk dragged the Indian government into a legal battle with microblogging platform Twitter over a failed acquisition bid.

Musk claimed in a countersuit filed in Delaware Chancery Court that Twitter initiated a “risky” litigation against the Indian government, putting the social media company’s third-largest market at “risk.” Musk was referring to Twitter’s July 5 lawsuit against the Union government over certain takedown orders. The Karnataka High Court is currently hearing the case.

In response to Musk’s claim, Twitter counsel acknowledged that the company initiated litigation against the Indian government, but added that it did not require Tesla CEO’s permission to make any of these decisions. One of the most important takeaways from the countersuit was that Twitter denied Musk’s claim that India was its third-largest market. The response came after Tesla CEO Elon Musk stated that any investigation could result in the suspension of services in the country, thereby constituting an MAE (material adverse event).

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

CEO Elon Musk dragged the Indian government into a legal battle with microblogging platform Twitter

Tesla CEO Elon Musk dragged the Indian government into a legal battle with microblogging platform Twitter over a failed acquisition bid.

Musk claimed in a countersuit filed in Delaware Chancery Court that Twitter initiated a “risky” litigation against the Indian government, putting the social media company’s third-largest market at “risk.” Musk was referring to Twitter’s July 5 lawsuit against the Union government over certain takedown orders. The Karnataka High Court is currently hearing the case.

In response to Musk’s claim, Twitter counsel acknowledged that the company initiated litigation against the Indian government, but added that it did not require Tesla CEO’s permission to make any of these decisions. One of the most important takeaways from the countersuit was that Twitter denied Musk’s claim that India was its third-largest market. The response came after Tesla CEO Elon Musk stated that any investigation could result in the suspension of services in the country, thereby constituting an MAE (material adverse event).

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Paytm Shares Fall over 3% Intraday; Emkay Retains “Reduce’...

SUMMARY The decline in the stock's price comes after...

IPO-Bound Swiggy Strengthens Instamart’s Leadership Team With Four Key...

SUMMARY The Bengaluru-based startup said that these new appointments...

India’s Beatoven.ai Shows the World How AI Music Generation...

AI music generation is a tricky business. Amidst...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!