Musk aborted the takeover attempt on Friday because he believed Twitter would be unclear about the number of fake accounts using the platform. Twitter denies that, accusing Musk in the indictment of “rigging a public spectacle” around Twitter and despite the contract he entered into “apparently believes he is free to change his mind, dragging the company through the mire.” disrupt its business, destroy shareholder value and walk away.”
Musk previously expressed on Twitter that he thought the indictment that the social media company was preparing was a hilarious idea.
The share price of Twitter has lost almost 8% of its value since the news and was $34.06 Tuesday evening, where Musk had bid $54.