Elon Musk Was Sued For His Tweets

A group of Twitter shareholders sued Elon Musk. The reason for the lawsuit was the alleged manipulation of shares. Here are the details of the case, which has the potential to give Elon Musk a headache…

billionaire business person Elon Muskhas been on the agenda for a while with the move to buy Twitter. Although the developments are confusing, Musk seems to be in court due to Twitter before the purchase takes place. Because, according to the latest information, a group of Twitter shareholders sued Elon Musk. The reason for this lawsuit is Elon Musk’s Twitter shares. that you manipulate consideration.

Elon Musk made a statement suggesting that he stopped buying Twitter some time ago. had been found. According to this statement, the accounts on the platform seriously it was fake and that was not eligible for a purchase agreement. The billionaire businessman said he needed calculations and documents showing that the fake account rate was less than 5 percent. Plaintiff shareholders, such statements by Elon Musk knowingly doing and Twitter claims it’s trying to bring its shares down.

“What’s done is illegal!”

According to the allegations in the complaint document, the statements made by Elon Musk breaks the law. Because his negative statements did not comply with the provisions in the Twitter acquisition agreement. does not fit. All these allegations have reached the federal district court in the state of San Francisco for review.

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Twitter has nothing to do with the incident. in the statement not found. When we look at Elon Musk’s Twitter account, we see that he did not say anything about the subject. How will the investigation look and what will Elon Musk face at the end of this job? nobody knows.

Source :
https://www.theverge.com/2022/5/26/23143148/twitter-shareholder-lawsuit-elon-musk-stock-manipulation


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