A Twitter shareholder sues Elon Musk and Twitter over the handling of the acquisition, saying Musk engaged “in conduct designed to create doubt about the deal”
- Since Musk's acquisition bid, Twitter's share price has dropped more than 12%, and Tesla's is down about 28% as part of a broad sell-off in tech stocks.
CNBC Lora Kolodny
Related Coverage
- Twitter investor sues Elon Musk and platform over takeover bid BBC · Annabelle Liang
- Twitter shareholder sues Elon Musk for tanking the company's stock The Verge · Russell Brandom
- Lawsuit: Musk manipulated Twitter stock price in attempt to renegotiate sale Ars Technica · Jon Brodkin
- Elon Musk sued by Twitter investors for delaying disclosure of stake The Guardian
- Musk sued by Twitter investors for stock ‘manipulation’ during takeover bid Reuters · Luc Cohen
- Twitter jumps 4.5% after Elon Musk puts up another $6.25 billion of his own wealth to fund the takeover deal Insider · George Glover
- Twitter investors sue Elon Musk over acquisition shenanigans TechCrunch · Taylor Hatmaker
- Twitter Investors Files Class Action Lawsuit against Elon Musk Coinspeaker · Benjamin Godfrey
- Twitter Shareholders' Lawsuit Accuses Elon Musk Of Conduct ‘Designed’ To Tank Company Stocks International Business Times · Marvie Basilan
- Elon Musk And Twitter Both Sued By Shareholders Over ‘Chaotic Deal’ Benzinga · Rachit Vats
- TikTok's itch to be Twitch The Signal
- Musk's Twitter Bankers Face Potential Hit on Riskiest Debt Bloomberg · Davide Scigliuzzo
- Twitter investors sue Elon Musk over stock manipulation claims Engadget · Jon Fingas
- Shareholders Sue Musk Over Twitter's Falling Stock Price Newser · Bob Cronin
- Twitter Shareholders Sue Elon Musk For Sowing Confusion To Drive Down Price Of Deal Deadline · Jill Goldsmith
- Elon Musk Gets Sued Again By Twitter Shareholders Fossbytes · Abhishek Mishra
Discussion
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@marcowenjones
Marc Owen Jones
on x
So Elon Musk secretly bought Twitter stock to artificially boost the price of further purchases and is now being sued by shareholders. What a fit person to be CEO https://www.theguardian.com/ ...
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@samantar
Sam E. Antar
on x
My guess is that at worst Elon Musk pays pennies to Twitter investors after he plays with them for several years. For the narcissist, it's more about the game than the money. $TWTR $TSLA https://twitter.com/...
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@vasabjit_b
@vasabjit_b
on x
Billionaire Tech Bro schemes to destabilize and lower the price of SM company he'll acquire, but his own company's shares to pay for it tank. Result: shareholders filing a class action lawsuit. If tech genius translated to business, SV wouldn't need MBAs. https://www.cnbc.com/...
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@thestarkenya
@thestarkenya
on x
The case alleges he violated California corporate laws in a number of ways. https://www.the-star.co.ke/...
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@fabiochiusi
Fabio Chiusi
on x
“It accuses the Tesla boss of “wrongful conduct” as his “false statements and market manipulation have created ‘chaos’ at Twitter's headquarters in San Francisco"" https://www.bbc.com/...
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@fuzzywuzzyto
@fuzzywuzzyto
on x
This is going well. What a great businessman. https://twitter.com/...
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@cbouzy
Christopher Bouzy
on x
I told you more lawsuits were coming. If only I could correctly pick the lotto numbers. https://twitter.com/...
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@maddenifico
Bill Madden
on x
Twitter investors sue Trump-esque, carnival barking con-man Elon Musk over purposely sowing doubt, so that the stock tanks and he can negotiate a cheaper price. https://techcrunch.com/... $TWTR $TSLA