Twitter shareholders get their day in court and try to get a pound of flesh off of Musk.
Class action suit goes to trial, plaintiffs argue Musk violated federal securities laws with a series of calculated steps to drive down Twitter's stock price leading up to the deal to buy it.
Musk testifies that the Twitter’s board duped him about the percentage of fake, or “bot,” accounts on the platform. Musk did not refute the notion that he threatened to “hunt down” Twitter’s board unless they returned to the negotiating table to discuss a revised sales price. https://apnews.com/article/elon-musk-twitter-lawsuit-shareholders-stock-3fa8783666737839cdd7331fec1bf61d #Twitter #X #Musk #ClassAction #Lawsuit #Fraud #Bots #OnlineBots #SocialMedia #SecuritiesLaws
