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…
