Elon Musk's X is being sued again, this time over $120M of server parts

Elon Musk's social media platform, X, formerly known as Twitter, is facing a lawsuit from Taiwanese tech company Wiwynn over $120 million in unpaid server parts. The lawsuit, filed in the Northern District Court of California, claims that after Musk's acquisition of Twitter in 2022, the company abruptly ceased payments for parts that Wiwynn had supplied under a 2014 purchasing agreement. Wiwynn alleges that it had accumulated $120 million worth of server components to fulfill orders from Twitter, but the company stopped responding to payment requests. Wiwynn has managed to cancel or recover about $59 million worth of components but is now seeking damages of $61 million. This lawsuit adds to a series of legal challenges Musk is currently facing, including claims from former executives over unpaid severance and bonuses. The ongoing legal disputes could further impact X's financial situation, which is reportedly struggling. Musk has also initiated lawsuits against advertisers, alleging a conspiracy to boycott the platform.

- X is being sued by Wiwynn for $120 million in unpaid server parts.

- The lawsuit claims X stopped payments after Musk's takeover in 2022.

- Wiwynn has recovered $59 million worth of components but seeks $61 million in damages.

- Musk faces multiple lawsuits from former executives over unpaid severance and bonuses.

- The legal challenges may negatively affect X's already declining revenues.