Twitter’s lawsuit is on strongest ground when it shows just how erratic Musk can be.The lawsuit points out how he began by secretly and maybe illegally accumulating a significant stake in the compa…
Musk is the world’s richest man, also someone who thinks he can get away with anything.He’ll have to go through with the his initial $44 billion purchase., I’m not so sure how this will end up other than providing a huge payday for all the lawyers involved.Twitter is very popular, but controversy has surrounded the company since it went public in 2013.. For all its relevance, Twitter has long shafted shareholders. It often still loses money.
When he initially spoke to the board about his investment, he acted like a friend looking to help current management as a board member. But that quickly changed. Unexpectedly, he hit them with demands to accept his “best and final offer” of $44 billion, waved due diligence, and threatened to go to war unless Twitter relented, the lawsuit shows.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Twitter aims its most powerful weapon at Elon Musk: his own tweetsWho can troll harder?
Read more »
Elon Musk Twitter saga: What happened this past week and what's ahead?Fox Business recaps how Twitter and Musk entered a legal battle over the billionaire's $44 billion deal for the social media giant and what lies ahead.
Read more »
SEC Letter Questions If Musk Was Actually Serious About Buying TwitterThe letter called into question a May Tweet where the billionaire said the prevalence of bots on the platform meant the deal 'cannot move forward.'
Read more »
Elon Musk wants Twitter trial to wait until February 2023Twitter’s lawyers say they’re ready to start in September.
Read more »
Elon Musk Twitter deal hit with more SEC scrutinyThe SEC is questioning whether Musk needed to update a regulatory filing over a May 17 tweet that the Twitter deal 'cannot move forward' without proof that spam and fake accounts make up less than 5% of its users.
Read more »
The High-Profile Attorneys Backing Twitter and Elon MuskTwitter and Elon Musk have each picked lawyers from powerhouse firms for their battle against one another, a fight prompted by Mr. Musk’s attempt to walk away from a $44 billion deal. Here's what we know about each side's representation.
Read more »