elon musk: Tesla founder Elon Musk, who agreed to buy Twitter for $ 44 billion, is currently delaying. Twitter investors and board executives are suing a California court in protest.
California City, First Published May 28, 2022, 2:46 PM IST
Tesla founder Elon Musk, who agreed to buy Twitter for $ 44 billion, is currently running out of time. Twitter investors and board executives are suing a California court in protest.
U.S. Stock Exchange executives have demanded an explanation for Elon Musk’s deliberate delay in acquiring Twitter.
Elon Musk bought a 9 percent stake in Twitter. Through this he gained the pride of being the individual who holds the most shares. But when called to the Twitter board, Elon Musk refused to join
Elon Musk has announced that he will be buying the Twitter social networking site myself for $ 44 billion over the next few days. Elon Musk said in a filing to the Stock Exchange that he would like to buy every stake in Twitter for $ 54.20. The deal was signed between Twitter and Elon Musk. But Elon Musk said he was abruptly postponing his decision to buy Twitter.
Shares that rose 12 percent when Elon Musk announced his acquisition of Twitter plunged 27 percent after announcing he was postponing his decision.
Elon Musk is being prosecuted in the Northern District of California on charges including causing damage to the Twitter company, spreading false information about the company, and infiltrating the Twitter administration.
William Herniak, on behalf of Twitter investors, is suing Elon Musk over the Glass Ax case. That is, when several people in a group are harmed, one person can sue on behalf of all. William is suing Elon Musk on behalf of Twitter investors.
Last Updated May 28, 2022, 2:46 PM IST
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