Elon Musk's 'funding secured' tweet cost investors $12 billion over 10 days, jury reportedly toldMusk is being sued by Tesla investors who claim they lost out after his cryptic 2018 tweet.
Elon Musk's"funding secured" tweet cost Tesla investors $12 billion in just 10 days, a jury was told per Bloomberg. Michael Hartzmark of Forensic Economics said investors who took both long and short positions were burned. The"funding secured" tweet at the center of a lawsuit against Elon Musk cost Tesla investors $12 million in the space of 10 days, a jury was reportedly told.
Michael Hartzmark of Forensic Economics told a jury in a market manipulation trial against the Tesla CEO that his 2018 tweet, where he said he was considering taking the company private, did"consequential harm" to investors,Musk is being sued by a group of investors who said his tweet caused huge losses for those holding both long and short positions on the stock, with his comments forcing wild fluctuations in its price.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk's reported payments plan for Twitter sends dogecoin skyrocketing 10% | Business InsiderThe prospect of dogecoin being a part of a Twitter payments ecosystem has ramped up the meme coin's gain for January.
Source: BISouthAfrica - 🏆 34. / 51 Read more »
Elon Musk says it's easy for him to get investment support because he has an 'extremely good' track record | Business InsiderElon Musk was described as 'the Michael Jordan of fundraising' by a former Tesla director who was testifying in court, AP reported.
Source: BISouthAfrica - 🏆 34. / 51 Read more »
What Elon Musk has said publicly – and in private – on his ideas for Twitter and X, an 'everything app' | Business InsiderElon Musk has dropped several hints regarding his plans to shake up the social media world. Here's everything we know about his plans.
Source: BISouthAfrica - 🏆 34. / 51 Read more »
Former Twitter employees confused over the company's failure to collect their work laptops, report says | Business InsiderMultiple laid-off Twitter employees said the company has yet to collect their work laptops, prompting confusion and fear of legal problems. BISouthAfrica Hahahaha then go and hand in the things! How difficult is that? Oh I forgot, they were all 'fact checkers'. BISouthAfrica Ever heard of sending it back, with all that fear and all. Hi news24 any update in the Twitter files. I guess not BISouthAfrica elonmusk you see this lol?
Source: BISouthAfrica - 🏆 34. / 51 Read more »