Beautiful Virgin Islands


Elon Musk's trove of private text messages is a bad look for him — and another win for Twitter, experts say

Elon Musk's trove of private text messages is a bad look for him — and another win for Twitter, experts say

Hundreds of texts between Elon Musk and big names in media and finance were released on Thursday as a part of the discovery process for Twitter's lawsuit.
A trove of private text messages released Thursday between Elon Musk and big names in media and finance could pose a problem for the billionaire as he heads into a court battle with Twitter, several industry watchers told Insider.

"It's not a good look and likely puts Musk in a weaker legal stance," Wedbush Securities tech analyst Dan Ives said. "This adds more agita to the Musk camp."

The billionaire is set to square off with Twitter in a five-day trial beginning on October 17. The social media company is attempting to force Musk to follow through on his $44 billion purchase offer after he announced plans to back out in July.

The hundreds of texts between Musk and some of Silicon Valley's most powerful players offer fresh insight into Musk's plans for Twitter. The texts also highlight several of Twitter's primary arguments against Musk — pointing to a "weakness" in the billionaire's case, said Matthew Schettenhelm, senior litigation analyst for Bloomberg Intelligence.

Up until recently, Musk's legal team has centered its argument on claims the company intentionally misled Musk and investors as to the number of active users on the platform.

But Musk's private texts appear to tell a story that is "in tension with his lead argument," Schettenhelm told Insider. In a message to Twitter Chairman Bret Taylor on April 9 — the day Musk told the board of his plans to buy Twitter — the billionaire said it would be "hard" to fix the social company and address issues with scam accounts without taking it private.

"Purging fake users will make the numbers look terrible, so restructuring should be done as a private company," he texted Taylor, according to the cache of documents released Thursday.

Erik Gordon, a professor at the University of Michigan's Ross Business School, said Musk "won't win in court with a claim that he was misled by the number of fake users."

Twitter has also argued that Musk might steal its internal data and create a competing company. The billionaire's private texts seem to indicate he was indeed bouncing around plans for creating another social media platform at the same time he was shoring up investors to buy Twitter. In texts to his brother Kimbal from April, Musk shared his idea for a blockchain-based social media platform.

Ann Lipton, a business law professor at Tulane University Law School, said Musk's text about developing a competing platform could also play into Twitter's hands.

"To the extent Musk is armed with confidential internal Twitter data that he could use to harm the company in the future – perhaps by establishing a competitor – that might weigh in favor of granting Twitter specific performance" and forcing him to follow through on the deal, Lipton said.

While the texts show that at one point Musk appeared to be serious about buying Twitter, the messages also show the billionaire was slow to communicate his plans with Taylor and Twitter CEO Parag Agrawal.

Jasmine Enberg, an analyst at research firm Insider Intelligence, said the texts seem to illustrate Musk realized that "transforming Twitter was a bigger undertaking than he initially thought." Insider Intelligence is part of Insider, Inc., Insider's parent company.

Still, Gerard Filitti, senior counsel at The Lawfare Project, an international non-profit legal think tank and litigation fund based in New York City, said it's difficult to understand the true sway of the texts without relevant depositions to fill in the gaps.

"It does not appear that any of them alone is explosive in content," Filitti said. "As with all evidence these messages will be used to tell a story and they will be shaped to whichever side is telling that story."
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
China Conducts Surprise Military Drills Around Taiwan
I have a dream, MLK inspiring speech
Grim Polls Predict Major Loss for PM Rishi Sunak
Aretha Franklin, Marvis Staples - Oh Happy Day
Rishi Sunak's Campaign for UK Election: Key Issues Highlighted
BVI Freedom Song
German Property Crisis Worsens as Foreign Investment Declines
Billy Preston - You Can't Beat God Giving (Live)
Princess of Wales's Taskforce Calls for Business Investment in Early Childhood
VIRGIN ISLANDS REGGAE CARIBBEAN RIDDIMZ
Campaign Groups Condemn UK Report on Protests
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
Former Royal Marine Charged with Espionage Found Dead
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
Australian PM Calls for Julian Assange's Freedom
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
ICC Seeks Arrest Warrants for Israeli and Hamas Leaders
Hello Dolly
UK's Infected Blood Scandal: Conclusion Nears After Seven Years
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
Julian Assange Granted Right to Challenge US Extradition
Bob Marley - Get Up Stand Up
Congo Army Thwarts Attempted Coup Involving Americans and a British Citizen
Yes He Can
Ireland's Homeless Gain Voting Rights
What A Friend We Have In Jesus
Blinken orders crackdown on Israel-Hamas leaks
Unforgettable
Julian Assange Faces US Extradition: Key Facts
Touch The Hem Of His Garment
Jacob Zuma Takes Campaign to ANC Stronghold Soweto
The Lord's Prayer
Attempted Assassination of Slovakia PM Robert Fico: Investigation Ongoing
THE GOD MOVEMENT...BEAUTIFUL BVI
What Happens If an Iranian President Dies in Office?
Siyahamba
Spain Recalls Ambassador After Argentina President's Remarks
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
Rishi Sunak Faces Cabinet Backlash Over Proposed Changes to Foreign Student Visas
Ramblin' Rose
Rwanda Denies Entry to Human Rights Researcher
Protoje - Who Knows ft. Chronixx
Iranian President Ebrahim Raisi Reportedly Killed in Helicopter Crash
Pressure - Virgin Islands Nice
Blue Origin Resumes Space Tourism with 90-Year-Old Ed Dwight
Phil Wickham - House Of The Lord
Rishi Sunak and Wife Akshata Murty Wealthier Than King Charles
My God Is Real (Yes, God Is Real)
New Dutch Government Drives Wedge Through EU Liberals
The Lion King Circle of Life by LEBO M. — LIVE at the HAVASI Symphonic
Iranian President Raisi Missing After Helicopter Goes Down
Louis Armstrong - When The Saints Go Marching In
Freemasons and ‘Global War Party’ Accused of Conspiring Against Georgia
Kanye West Sunday Service - hallelujah, salvation, and glory
Poland Supports Rolls-Royce's Nuclear Power Plant Initiative
Jonathan Nelson - I Believe (Island Medley
European Ports Overflow with Unsold Electric Vehicles
From The Virgin Islands Sqad Up
Esprit Files for Bankruptcy in Europe, Putting Hundreds of Jobs at Risk
Common, John Legend - Glory
Chevron Halts North Sea Drilling Amid Rising Tax Burden
Anthony Evans vs. Jesse Campbell - If I Ain't Got You
Jeremy Hunt Accused of Exaggerating Conservatives' Economic Record
I have a dream, MLK inspiring speech
Victoria Atkins Discusses Historical Gender Bias in the NHS
Aretha Franklin, Marvis Staples - Oh Happy Day
Dublin and Monaghan Bombings 50th Anniversary: Calls for Justice
BVI Freedom Song
Rishi Sunak and Akshata Murty’s Wealth Rises to £651 Million
Billy Preston - You Can't Beat God Giving (Live)
New Caledonia Riots Escalate After French Voting Rights Change
VIRGIN ISLANDS REGGAE CARIBBEAN RIDDIMZ
Renters Face Fierce Competition as Listing Times Shrink
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
Surge in Fake Science: 19 journals shut down due to fraudulent papers from 'paper mills'
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
Global Birthrates Decline, Raising Economic and Social Concerns
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
Boeing Faces Possible Prosecution Over 737 MAX Settlement Violation
Hello Dolly
Prisoner Escapes in France as Two Officers Killed in Van Ambush
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
German Court Rules AfD Can Be Monitored for Extremism
Bob Marley - Get Up Stand Up
Jacob Rees-Mogg Criticizes Bank of England’s Inflation Strategy
Yes He Can
Prince Harry and Meghan Markle Promote Invictus Games in Nigeria
What A Friend We Have In Jesus
UK Arms Ban on Israel Would Aid Hamas, Says Cameron
Unforgettable
US Regulators Probe Credit Card Reward Schemes
Touch The Hem Of His Garment
Labour Vows to End Rwanda Deportation Scheme/Scam
The Lord's Prayer
Exonerated Andrew Malkinson Faces Hardship Awaiting Compensation
THE GOD MOVEMENT...BEAUTIFUL BVI
India Poised to Surpass Japan as 4th Largest Economy
Siyahamba
UN General Assembly Approves Palestinian Membership Bid
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
×