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Twitter interviews Elon Musk, known for his combative testimony, by Reuters

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© Reuters. Elon Musk’s Twitter profile is seen on a smartphone placed on the Twitter logos printed in this illustration taken on April 28, 2022. REUTERS/Dado Ruvic/Illustration

by Tom Hals

WILmington, Del (Reuters) – Billionaire Elon Musk’s penchant for swearing during his oath interrogation will be tested again this week, when lawyers will… Twitter Inc (NYSE:) is expected to interview the CEO of Tesla (NASDAQ:: Inc) regarding his abrupt decision in July to abandon his $44 billion deal for the social media company.

Testifying in previous legal battles, the world’s richest person has called opposing lawyers “reprehensible,” questioned their happiness and accused them of “blackmail.” One attorney asked if he was working in an emergency because the attorney’s client was in default on child support payments.

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“So you’re probably in an emergency situation or you’re taking this kid’s money. What is it?” Musk asked for a whistleblower attorney in a case against Tesla, according to a 2020 filing.

The high stakes Twitter interview is closed to the public. A lawsuit said last week that Musk’s filing was scheduled to begin on Monday and run through Wednesday, if necessary. Sources familiar with the statement said that Musk was not questioned on Monday, did not know what day it would start, and did not give a reason for the delay.

James Morch, one of the company’s attorneys who was not involved in the court battle, said Musk’s lawyers would want to keep him focused on answering questions, but that this could prove challenging with such an intelligent, opinionated witness.

“I’m going to compare it to trying to catch a tiger by the tail,” Morsch said.

The text showed that in a 2019 report in a lawsuit over Tesla’s acquisition of solar panel maker SolarCity, Musk refused five times to answer one of the initial questions due to the way it was phrased.

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“We can stare at each other until you paraphrase,” Musk told opposition attorney Randall Barron.

“I think we’ll cancel that deposit,” Barron replied. Barron suggested he would seek a judge’s order directing Musk to answer questions, which seemed to move things along.

Twitter declined to comment, and Musk’s legal team did not immediately respond to a request for comment.

Twitter’s lawyers are expected to use the interview in an attempt to show that Musk abandoned the deal because of plummeting financial markets and not because the company misled him about the true number of users or hid security vulnerabilities, he claimed.

Musk wants a judge to let him get away without penalty, while Twitter wants an order to force him to buy the company for $54.20 per share. Twitter stock closed 0.4% higher at $41.58 on Friday.

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A five-day trial is scheduled to begin October 17 in Wilmington, Delaware.

Dozens of affidavits have been scheduled in the case, including Twitter CEO Parag Agrawal, with each side questioning witnesses and gathering evidence to prove their case.

Agrawal was scheduled to answer questions from Musk’s attorney at a San Francisco law firm beginning at 9 a.m. local time Monday, according to the court filing, though sources said the filing was also delayed and gave no reason.

Twitter founder and former Twitter CEO Jack Dorsey was due to be fired last week.

What is the whole truth?

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Musk has occasionally shown in his nominations the charm and wit he posts on Twitter, building a cult-like following.

The atmosphere of sedimentation on Twitter can be especially risky. Its legal team includes Wachtell, Lipton, Rosen & Katz, and lead attorney in the case, Bill Savitt, who initially represented Musk and Tesla in the SolarCity deal, though not during discovery and filing in litigation.

Savit did not respond to a request for comment.

Twitter also represents Wilson Sonsini Goodrich & Rosati.

Consistent in the three testimonies reviewed by Reuters is Musk’s hatred of lawyers representing the other side, whom he accuses of “cheating” and pursuing him solely for the sake of money.

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“I heard yesterday that 3% of the US economy is legal services. This is one of the saddest facts I’ve heard in a long time,” Musk told Baron, an attorney at the Solar City filing.

The filing began litigation with a Tesla whistleblower, Martin Tripp, who accused the company of wasting raw materials, by asking Musk if he understood the oath he made to testify truthfully.

“This sounds like some kind of legal semantic argument. – What is the whole truth of something?” Musk asked, depending on the version. “You say, ‘Is this a tree?’” What type of tree is this? Is it a tree with a lot of leaves? Or is it—if you say that something is a tree is the whole truth? No, of course not.

Trip Musk’s attorney reminded the judge that he would personally supervise the filing if questions were not answered correctly.

“Do you intend to obey the judge’s directions there?” asked attorney William Fischbach.

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Of course, Musk said.

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MicroStrategy is at its lowest level since 2020 after the sales were revealed

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(Bloomberg) — Shares of MicroStrategy touched their lowest level since August 2020 after the enterprise software company, which in recent years has been known as the largest buyer of bitcoin, revealed its first sale of the token.

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The stock fell 1.1 percent to $136.63 on Thursday, down 75 percent this year. Bitcoin rose less than 1% to around $16,590 and is believed to have fallen 64% since the start of the year.

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In a filing on Wednesday, MicroStrategy said it acquired approximately 2,395 Bitcoin between the beginning of November and December 21 through its subsidiary MacroStrategy, and paid out approximately $42.8 million in cash. It then sold 704 of the tokens on Dec. 22 for a total of about $11.8 million, citing tax purposes, before buying another 810 of them two days later.

Matt Malley, chief market strategist for Miller Tabak + Co. Step down as CEO. This news means they don’t seem to want to do that anytime soon.”

Overall, MicroStrategy held about 132,500 bitcoins worth over $4 billion USD as of December 27th. The company paid an average purchase price of $30,397 per bitcoin.

“Given MicroStrategy’s $2.4 billion in leverage, we believe the company may have a lot of leverage over Bitcoin, and may face some liquidity risk,” Jefferies analyst Brent Thiel wrote in a note on Wednesday. Thill has an “underperform” rating on the stock and a price target of $110.

Over the years of the pandemic, MicroStrategy has become well known for its Bitcoin takeovers, largely led by Saylor. Earlier this year, Saylor stepped down from that role and now serves as CEO at the company and continues to lead its bitcoin strategy.

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MicroStrategy was trading around $120 before Saylor first announced the company’s Bitcoin purchases in 2020. The stock reached an all-time high of $1,315 in February 2021.

(Updates to include the stock’s closing price in the second paragraph.)

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Bankman-Fried May File Petition in New York Federal Court Next Week Before Judge Louis Kaplan By Cointelegraph

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Former FTX CEO Sam Bankman-Fried is set to appear in court on the afternoon of January 3 to enter a lawsuit over two counts of wire fraud and six counts of conspiracy against him related to the collapse of cryptocurrency exchange FTX, according to Reuters. mentioned on December 28, citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.

Judge Kaplan was appointed to hear the case on December 27 after the original judge in the case, Ronnie Abrams, Resigned herself because of connections between FTX and the law firm Davis Polk & Wardwell, where her husband is a partner. The company provided advisory services to FTX in 2021.