- Since Musk’s acquisition bid, Twitter’s share price has dropped more than 12%, and Tesla’s is down about 28% as part of a broad sell-off in tech stocks.
- In a proposed class-action lawsuit filed on Wednesday, Twitter shareholders allege that Musk violated California corporate laws on several fronts, and in doing so engaged in market manipulation.
- The shareholders’ complaint says his gripes about “bots” were part of a scheme to negotiate a better price or kill the deal.
Full article: https://www.cnbc.com/2022/05/26/twitter-shareholders-sue-elon-musk-and-twitter-over-chaotic-deal.html
Elon Musk has been sued in Federal court by a Twitter TWTR investor over his Twitter deal comments. He’s been accused of manipulating the market ahead of TWTR takeover. Do you think this lawsuit will affect how $TWTR and $TSLA trade today?
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