Elon Musk, who first bought a large share of the Twitter social network and then started buying attempts, turned around after a while and started to bring water from a thousand rivers. Musk, who has a price-breaking policy, also drew the reaction of investors.
Lawsuit against Elon Musk
After the famous businessman who sacrificed $44 billion for Twitter and priced it like $52 per share, he put the negotiations on hold, citing bot accounts. Musk, who wants bot accounts to be at most 5 percent, stated that he can lower the price accordingly.
Price breaking game from Elon Musk
Investors are angry with Musk, who constantly manipulates to delay the purchase and cause share prices to fall. In the lawsuit filed, it is claimed that Elon Musk gave late notice to the commission when purchasing 9.2 percent of the shares and avoided paying $ 156 million. It is also stated that Musk is distracting the investor by manipulation.
In addition to the lawsuit demanding compensation, another lawsuit was filed seeking to prevent him from taking Twitter by 2025. In addition, the Securities Commission began to examine Musk’s share purchase period.
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