Since its acquisition by Tesla and SpaceX CEO Elon Musk, the Twitter platform has seen major upheavals, including a wave of layoffs, policy changes, and numerous legal disputes.
While Twitter has fired more than 5,000 people since Elon Musk took over, a former employee of the social network accuses Twitter of at least failing to pay. 500 million dollars severance pay for its former employees in a class action motion filed on Wednesday, July 12.
This past June, a large group of music publishers asked for up to $250 million for damages in a lawsuit, accusing the platform of widespread copyright infringement by allowing users to post audio and audiovisual clips containing copyrighted music.
Twitter’s parent company, X Corp, sued the law firm Wachtell, Lipton, Rosen & Katz, which was hired by the platform’s previous management, earlier this month for payment of $1,000,000. $90 million Which, according to Twitter, should be compensated.
In December, a private jet company filed a lawsuit accusing Twitter of refusing to pay $197,725 for a trip carried Leslie Berlandthe company’s former chief marketing officer.
A class action proposal filed in early July also accuses Twitter of refusing to handle at least 891 arbitration cases filed by former employees.
Unpaid office fees have also reportedly become an issue for Twitter, which was sued last week by an Australian infrastructure company, which accused the platform of failing to pay. Over $600,000 Invoices for office work located in several countries.
After launching a competing Meta app, Threads, Twitter threatened to sue Meta over the “copied” app, alleging that it misused Twitter’s “trade secrets and other intellectual property” and hired former Twitter employees to do so.
Last May, Fidelity ranked Twitter at $15 billioni.e. one-third of the amount previously paid Elon Musk To buy the platform last year.
Twitter’s legal troubles are just one of the many hurdles the platform has faced since it was bought by Elon Musk. The platform also had to deal with the departure of its biggest advertiser at the start of the year. In April, Twitter advertising revenue in the United States $88 milliondown 59% from April 2022. Twitter also experienced a series of outages and glitches that temporarily denied users the ability to post tweets, upload photos, and share external links. Adam Mosserithe head of Instagram, in an interview with the edge That the “volatility” and “unpredictability” of Twitter under Elon Musk is what opened Meta up to competition from Twitter with the launch of Thread.
Elon Musk’s acquisition of Twitter is nothing but a source of legal troubles for the billionaire. His company Tesla and SpaceX have been hit by a series of lawsuits with mixed results. Last year, Tesla was sued for failing to respond to allegations of harassment and discrimination. The lawsuit was filed shortly after the California Department of Employment and Housing sued Tesla, accusing it of discriminating against black workers. In April, a former Tesla factory worker received a payout of Three million dollars After a lengthy legal process it is alleged that the company created a racist work environment. Elon Musk, Tesla and SpaceX were also sued last year, with plaintiffs claiming $258 billion As part of dogecoin’s alleged “pyramid scheme”. In April, Elon Musk asked a federal judge to drop the case, and his lawyers said “the court should put an end to the plaintiffs’ imagination and dismiss the complaint.” The billionaire scored a legal victory in February, however, when a jury found him not liable for defrauding Tesla investors after a series of tweets that suggested he would take the company private.
Forbes The net worth of Elon Musk, the richest person in the world, is estimated at $245.6 billion.
Translated article from the American magazine Forbes – Author: Antonio Pecino IV
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