Dorsey

Twitter-Elon Musk Circus: Shareholders Of The Social Media Company Are Seeking A Class-Action Lawsuit Against Billionaire Tesla Founder

In a new lawsuit, Twitter shareholders are suing Elon Musk, alleging that he manipulated the price of the company’s stock for his own benefit in the course of agreeing to buy the company. The lawsuit represents a group of Twitter investors but would allow any shareholders to receive financial compensation. The suit was filed on Wednesday night in federal district court for Northern California and argues that Musk intentionally drove down the company’s stock to secure a better deal.

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