Musk subpoenas former Twitter CEO and friend Jack Dorsey
New York (AP): Tesla CEO Elon Musk has subpoenaed his friend and former Twitter CEO Jack Dorsey as part of an effort to back out of his USD 44 billion agreement to acquire the company Dorsey helped found, according to court documents.
Twitter and Musk are headed for an October 17 trial in Delaware that should determine whether or not Twitter can force the billionaire to go through with the acquisition.
Twitter has subpoenaed a host of tech investors and entrepreneurs connected to Musk, including prominent venture capitalist Marc Andreessen and David Sacks, the founding chief operating officer of PayPal.
Musk has claimed that Twitter failed to provide adequate information about the number of fake, or spam bot , Twitter accounts, and that it has breached its obligations under the deal by firing top managers and laying off a significant number of employees.
Musk's team expects more information about the bot numbers to be revealed in the trial court discovery process, when both sides must hand over evidence.
Twitter argues that Musk's reasons for backing out are just a cover for buyer's remorse. Shortly after Musk agreed to pay 38 per cent above Twitter's stock price, the stock market stumbled and shares of the electric-car maker Tesla, where most of Musk's personal wealth resides, lost more than USD 100 billion of their value.
The subpoena was served last week. It asks Dorsey for documents and communications related to the acquisition, as well as information on the effect of fake or spam accounts on Twitter's business and its measurement of daily active users.
A lawyer representing Dorsey did not immediately respond to a message for comment on Monday. (AP)
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6 injured as doctor's car rams into parked vehicles in Thane district
Thane (PTI): At least six people were injured, two of them seriously, when a speeding car driven by a doctor rammed into multiple parked vehicles in the Kalyan area of Maharashtra's Thane district, police said on Thursday.
According to police officials, the driver of the four-wheeler suddenly lost control of the car, which then crashed into three to four vehicles parked along the roadside on Wednesday morning.
The car driver, identified as Dr Sanjay Bendale, has been detained by the Khadakpada police in connection with the accident, which left six people injured, they said.
"The impact of the crash was so severe that two-wheelers parked in the vicinity were heavily damaged. Local residents rushed to the spot to assist the victims and shifted them to a nearby hospital," an official said.
Of the injured, two sustained grievous wounds and are currently undergoing treatment at a private hospital, he said.
Police are investigating whether a technical failure or human error led to the crash, according to the official.
An offence has been registered against the doctor under relevant sections of the Bharatiya Nyaya Sanhita (BNS), he added.
