Elon Musk sued by Twitter shareholder for 'market manipulation'

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Elon Musk sued by Twitter shareholder for 'market manipulation' Twitter shareholder lawsuit accused Elon Musk for pushing down Twitter's stock prices in order to give himself a room to negotiate a discount

Photo taken on 02 May, 2022, Elon Musk arrives for the 2022 Met Gala at the Metropolitan Museum of Art in New York.

– Elon Musk faces a lawsuit filed 25 May, 2022 accusing him of pushing down Twitter’s stock price in order to either give himself an escape hatch from his $44 billion buyout bid, or room to negotiate a discount. The suit alleges the billionaire Tesla boss tweeted and made statements intended to create doubt about the deal, which has roiled the social media platform for weeks.

 

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