Musk also snapped up shares in Twitter, the complaint says, while he knew insider information about the company based on private conversations with board members and executives, including former CEO Jack Dorsey, a longtime friend of Musk’s, and Silver Lake co-CEO Egon Durban, a Twitter board member whose firm had previously invested in SolarCity before Tesla acquired it.
The proposed lawsuit also contends that Musk broke California laws by sowing doubt about whether he would complete the deal after signing the contract to buy it. Earlier this month, Musk said he was putting the Twitter acquisition on hold to learn more about inauthentic activity on the platform, including information about fake or automated accounts.
The shareholders’ complaint added that his gripes about ‘bots’ were part of a scheme to negotiate a better price or kill the deal. “Musk proceeded to make statements, send tweets, and engage in conduct designed to create doubt about the deal and drive Twitter’s stock down substantially in order to create leverage that Musk hoped to use to either back out of the purchase or to re-negotiate the buyout price by as much as 25 per cent which, if accomplished, would result in an $11bn reduction in the Buyout consideration,” the complaint said.
Rubbish
Lol then he share $2 billions to ease their pain if possible
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