Tuesday, October 4, 2022
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Tech ObserverNewsIndustrySpaceX and Tesla CEO Elon Musk face ‘unhappy’ partners over Twitter subpoenas

SpaceX and Tesla CEO Elon Musk face ‘unhappy’ partners over Twitter subpoenas

Musk’s wealthy high tech allies have expressed unhappiness over receiving subpoenas from Twitter as part of the company’s legal battle with the Tesla CEO.

Musk’s wealthy high tech allies have expressed unhappiness over receiving subpoenas from Twitter as part of the company’s legal battle with the Tesla CEO.

Weeks after entrepreneur, who co-founded and founded aerospace transportation services company and Tesla CEO, Elon Musk announced to pull out of the deal to take over social media platform and subsequently the legal process initiated by the microblogging platform, top Musk allies have shown their displeasure over the whole event.

According to reports, Musk’s wealthy high tech allies have expressed unhappiness over receiving subpoenas from Twitter as part of the company’s legal battle with the Tesla CEO.

San Francisco-based Twitter has sued Musk in Delaware in an attempt to get him to complete his $44 billion acquisition of the social media company, a deal Musk is trying to get out of.

The reports claim that Twitter’s legal team has asked for information about a host of tech investors and entrepreneurs connected to Musk in a wide-ranging subpoena. Twitter declined to comment.

According to the Post, the subpoena includes “extensive requests for communications, including ‘checklists, timelines, presentations, decks, organizational calls, meetings, notes, recordings’ related to the deal’s financing.”

Well-known venture capitalists included in the subpoena, according to the report, are Marc Andreessen, founder of VC firm Andreessen Horowitz; former Facebook exec and CEO of Social Capital Chamath Palihapitiya; and David Sacks, the founding chief operating officer of PayPal and current general partner at Craft Ventures.

Sacks posted Monday on Twitter that “news that I am being subpoenaed by Twitter’s lawyers reminded me of this issue of Mad Magazine, I don’t know why.” He included a photo of the magazine’s cover showing a hand raising a middle finger.

Joe Lonsdale, general partner at 8VC, called Twitter’s subpoenas sent to “friends in the ecosystem” surrounding Musk, Andreessen and Sacks a “giant harassing fishing expedition.”

“I have nothing to do with this aside from a few snarky comments, but got a “YOU ARE HEREBY COMMANDED” document notice,” he tweeted on Monday.

Representatives for Sacks, Andreessen and Palihapitiya did not immediately respond to messages for comment on Tuesday. Lonsdale did not immediately respond to a message sent through LinkedIn.

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