Twitter Investors Sue Elon Musk Over Handling Of $44B Takeover Bid

Twitter investors are suing Elon Musk and the social media platform over the handling of Musk’s $44bn take over bid for the company.

The lawsuit alleges Musk violated California corporate laws in different ways, and the world has been reacting.

The court case accuses Musk of wrongful conduct as his false statements and market manipulation have created ‘chaos’ at Twitter’s headquarters in San Francisco.

The suit added that several tweets posted by Musk are misleading, including a post in which he said his takeover bid for the social media firm was on hold because of his doubts over the number of fake accounts on the platform.

WOW.

Elon Reeve Musk FRS is a business magnate, industrial designer and engineer. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI.

He was elected a Fellow of the Royal Society (FRS) in 2018. Also that year, he was ranked 25th on the Forbes list of The World’s Most Powerful People, and was ranked joint-first on the Forbes list of the Most Innovative Leaders of 2019. A centi-billionaire, Musk became the richest person in the world in January 2021.

Elon Reeve Musk was born on June 28, 1971, in Pretoria, Transvaal, South Africa. His mother is Maye Musk (née Haldeman), a model and dietitian born in Saskatchewan, Canada, but raised in South Africa.

His father is Errol Musk, a South African electromechanical engineer, pilot, sailor, consultant, and property developer.