Friday, May 27, 2022

Twitter shareholders sue Elon Musk for creating "chaos"

A Twitter shareholder has sued Elon Musk in a California court alleging that the Tesla CEO has engaged in market manipulation in his ongoing bid to acquire the social media company.

Since making his $44 billion offer to buy the company, Musk has continued to publicly question the deal, raising speculation that he's negotiating for a lower price, or trying to back out altogether.

Ira Spitzer has more from San Francisco.


IN: The Twitter investor