Wall Street

Musk accuses Twitter of fraud as buyout battle escalates

Published by
AFP

San Francisco (AFP) – Elon Musk has accused Twitter of fraud, alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout, as their court fight heats up. The Tesla boss lodged the claim late Thursday as he fights back against Twitter’s lawsuit seeking to force him to close the deal, which he has tried to cancel. Musk argued in the filing to a Delaware court that the number of users actually shown advertising on the platform is about 65 million lower below the firm’s 238 million figure. “Twitter’s disclosures have slowly unraveled, wi…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street