Elon Musk, CEO of Tesla, may have failed in his attempt to postpone the court proceedings that Twitter had set for Tuesday morning. But judging by his tweets throughout the Delaware court case, it was unlikely that you could tell that Musk was following the biggest tech drama of the year (so far).
A celebratory message about Tesla’s Bay Area facility, a tweet on stock market “greenwashing,” and, perhaps strangest of all, a tweet about the size of his calves were among his odd tweets on Tuesday.
It was as a retort to a meme that was made about him and featured a shirtless photo of Musk vacationing in Mykonos next to a dog standing on its hind legs.
An hour into the hearing, which started at 11 a.m. ET, Musk gamely retorted to the meme’s poster, “My calves are bigger tho.” Admiring followers praised Musk, stating he is “looking good,” and made “Elon Muskular” puns in an apparent attempt to get the attention of their idol.
Since Chancellor Kathaleen St. Jude McCormick, the chief justice of Delaware’s Court of Chancery, tested positive for COVID-19, the hearing was held virtually. It is unknown whether Musk was present. However, it seems weird to publish content on a social media site – about your gams, no less — while that site is suing you.
A brief explanation of the Musk-Twitter controversy: Musk started publicly expressing his concerns about the amount of false accounts, or bots, on the network after he suggested buying Twitter for $44 billion. He said that the firm had continually failed to disclose appropriate information about the number of bots. Additionally, Musk claimed that by firing employees, the business had violated its contract.
Twitter has countered that it has given Musk’s team various sets of user data, and that his complaints about bots are just a way for him to hide his regret for placing a bid that was significantly more than the company’s stock price. According to Bloomberg, Musk’s net worth decreased by around $62 billion in the first half of 2022.
Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away, according to the complaint filed last week. “Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement,” the complaint reads.
Due to the “cloud of uncertainty” surrounding the lawsuit and Musk breaking the agreement, the trial is now set for October, one month after Twitter’s proposed date and four months before Musk’s requested date.
Delay poses the risk of irreversible harm, McCormick said. “The risk increases with the length of the delay.”