World’s richest man, Elon Musk has been sued by Twitter Inc. investors, claiming he manipulated the company’s stock price downward when he mounted a $44 billion takeover bid for the social media platform.
According to Reuters, they also named Twitter as a defendant, arguing the company had an obligation to investigate Musk’s conduct, though they are not seeking damages from the firm. Neither Musk nor his lawyer immediately responded to requests for comment. Twitter declined to comment.
Source: News Formal (newsformal.com)
Move on mannn
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