Elon Musk Faces Court Over Allegations of Manipulating Twitter Stock Price Before $44 Billion Buyout

When Elon Musk announced his intention to buy Twitter in 2022, it set off a saga that has now landed him under the microscope in a high-stakes shareholder trial. At issue: whether Musk deliberately made false and misleading public statements to depress Twitter’s stock price before closing his $44 billion deal.Is Market Manipulation Being Masked as Business Strategy?The lawsuit, filed on behalf of Twitter shareholders who sold their shares between May and October 2022, alleges that Musk exploited regulatory loopholes and leveraged misinformation to drive down stock value. For example, on May 13, 2022, Musk declared the deal “temporarily on...