Elon Musk has been sued by a partner for allegedly abusing Twitter’s shares.
Record: April 14, 2022 01:01
AM
Washington,
Elon Musk, the world’s richest man, has abruptly bought a stake in Twitter, claiming that he would replace the popular social networking site Twitter with a new social networking site.
Elon Musk announced on April 4 that he had bought a 9.2 percent stake in Twitter. He subsequently declined to join the Twitter management team as he was expected to do so.
Elon Musk, a Twitter partner, has filed a lawsuit against Twitter for allegedly abusing its stake in the company.
A lawsuit has been filed in Manhattan City Court in the United States alleging that Elon Musk bought shares in the company at a low price by not releasing his shares within the official deadline, thereby harming fellow shareholders.