Parag Agrawal and Ned Sehgal testify in court in Elon Musk’s Twitter lawsuit

Twitter’s former CEO, Parag Agrawal, and former CFO, Ned Segal, have testified in court against the current owner of the microblogging site (known as X), Elon Musk. This comes as part of an investor lawsuit linked to Elon Musk’s $44 billion acquisition of the social media platform in 2022. The two executives appeared before a jury as investors alleged that Musk’s public statements about Twitter’s user base and bot accounts were intended to influence the company’s stock price during the takeover process. According to a report by Bloomberg, Agrawal and Segal rejected claims that they misled Musk about the composition of Twitter’s user base when he was negotiating the deal during the testimony. The executives, who were removed from their roles when Musk took control of the company, offered limited recollection of the weeks leading up to his attempt to pause or withdraw from the acquisition. Agrawal addressed Musk’s May 13, 2022, tweet stating that the purchase agreement was “temporarily on hold,” saying, “It did not make sense to me.” Segal also reacted to Musk’s criticism of Twitter’s method for estimating fake accounts, telling the court, “I was displeased.” What Elon Musk said about Parag Agrawal and Ned Sehgal Agrawal
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