Twitter, the social media giant with 330 million active users, was back online on Thursday morning after reports of a global outage at a sensitive time for the company, which is in talks with billionaire Elon Musk. Its takeover was subject to intense legal battles.
Downlink detectorThe site, which tracks internet outages, recorded more than 54,000 outage reports on the social media platform as of about 8:15 a.m. ET. Less than an hour later, Twitter In a tweet, it acknowledged that it was trying to fix problems with users accessing the platform. “We’re working hard to get it back up and running for everyone,” the company said.
Service outages are another headache for Twitter, which sued Musk in Chancellor’s Court in Delaware on Tuesday, forcing him to complete a $44 billion corporate deal. Mr. Musk agreed to buy Twitter in April, but last week said he intended to walk away from the acquisition.
Musk cited concerns about the number of fake accounts on Twitter as a reason for his withdrawal from the agreement, and said he did not believe the company’s claim that about 5 percent of its active users were bots. Musk has been critical of Twitter and its executives on the platform for months, even tweeting a poop emoji in response to a post by the company’s chief executive, Parag Agrawal .
Shares of Twitter have fallen more than 28 percent since Musk reached a deal on April 25 to buy the company for $54.20 a share. By comparison, the Nasdaq fell about 13.5%.
Twitter remains committed to getting Mr Musk to close the deal and is seeking a four-day trial in September.
“Musk is refusing to meet his obligations to Twitter and its shareholders because the transactions he signed are no longer in his personal interests,” the company said in the lawsuit. “Musk clearly believes that he — unlike anyone else bound by Delaware contract law — is free to change his mind, disrupt the company, disrupt its operations, destroy shareholder value, and walk away.”