Elon Musk targets former Twitter CEO Jack Dorsey as the legal dispute intensifies.

Twitter vs. Elon Musk: Jack Dorsey was asked for correspondence and documents pertaining to Elon Musk's agreement to purchase the business in April as well as spam accounts on the website.

Tuesday, August 23, 2022 | Chimniii Desk

As the CEO of Tesla and SpaceX pursues his legal struggle to withdraw from his $44 billion purchase for the social media business, billionaire entrepreneur Elon Musk is requesting information from Twitter Inc. co-founder Jack Dorsey, according to a court filing.

According to a copy of the subpoena, Dorsey, who left his position as Twitter's CEO in November and his position on the board in May, was asked for emails and records about Musk's deal to purchase the business in April as well as regarding spam accounts on the network.

Block Inc. CEO Dorsey did not immediately respond to a request for comment. Block Inc. processes payments. Dorsey co-founded Block, which rebranded from Square Inc. to Block last year.

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Due to his ownership position in Tesla Inc., Elon Musk is the richest man in the world. In July, Musk said on Twitter that the arrangement to purchase the firm for $54.20 per share was coming to an end because, in his opinion, Twitter had broken the transaction's terms. Since then, Musk and Twitter have filed lawsuits against one another, with Twitter asking a Delaware Court of Chancery judge to compel Musk to consummate the deal. On October 17, a five-day trial is expected to begin.

The subpoena asked for information and correspondence related to Twitter's usage of mDAU, a metric measuring platform activity. The amount of phoney accounts that the firm allegedly concealed in its regulatory filings, which Musk claimed he used to value the company, is how Musk claims the corporation deceived him.

Twitter refuted Musk's claims that it had sent spam.

Along with details about the use of mDAU in executive pay and annual targets, Musk also requested records and communications pertaining to other measures of active users that the business has considered.

Twitter opted not to respond.

Due to their shared belief that Twitter's algorithm needs to be more transparent and users should have more control over the material they see, Dorsey had endorsed Musk's takeover offer for the company.

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Twitter should rely more on subscription fees and services like user-to-user money transfers, according to Musk and Dorsey. Dorsey also stated on Twitter that he thinks the advertising model is what keeps Twitter from growing.

Before Musk stated he had bought a 9.1% stake in Twitter, he and Dorsey had talks in March about Musk joining the Twitter board. Musk agreed to join the board, but before he started serving, he changed his mind and proposed buying the business.

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