Elon Musk has been more active on social media this week than usual. Musk has recently mocked the firm with a shady caricatureposted on the social networking platform and its going viral. Following his acquisition of Twitter and the subsequent drop in Tesla stock, it appears that Elon Musk is attempting to defraude Twitter employees.
According to Deadline, only when we thought Elon Musk would be able to brag about being the proud new owner of Twitter, the tables have completely changed. The South African is now being sued by the websites shareholders.
Elon Musk was involved in a class-action lawsuit, but is accused of unjust enrichment, false statements, and stock manipulation in an attempt to avoid paying the $44 billion they had previously agreed to pay. Despite receiving billions of dollars in Tesla stock, Tesla''s stock plummeted a month after his acquisition.
Musk made spooky statements and organized market manipulation of Twitter''s stock. When he was required to do so, the engineer neglected to disclose his 9.2 percent investment, triggering a SEC investigation. Musks purchase must be approved by shareholders at a special meeting that has yet to be scheduled.
Twitter''s stock slowed as a result of the decision, while Tesla''s stock jumped 7% on May 13. Currently, Twitter is a suspect as well as Musk.