A Twitter shareholder has gone to a US court to accuse Elon Musk of using his Twitter stage to get the company at a cheaper price than he offered or walk away from the deal without penalty.
SAN FRANCISCO: Elon Musk faces a lawsuit 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.
Filed Wednesday by a shareholder, the claim seeks class action status and calls on a federal court in San Francisco to back the validity of the deal and award shareholders any…
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