Elon Musk gets sued by Twitter investors

FOX Business’ Lydia Hu reports on Elon Musk getting sued by Twitter investors for delayed disclosure of stake.

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[NaySayersRanch]

For calling out Twitter for fraud... Sounds like they should be suing the board

[Dallas_K]

This will almost certainly be thrown out of court. Musk has nothing to fear.

[turbonerd]

The big investors knew what Twitter was doing with bots.
The platform was never about being a public square, which is why the complaint that 42 billion was too low. It’s about manipulating the public into policy change. That is why these investors consider Twitter to be worth billions despite the lower user base.

[sfranklin]

They will sue Elon and not the board and prior executives. Says everything you need to know about the investors.

[timjones]

I have a feeling this is gonna get even worse for the investors and the twitters management

[Aldur]

I'm not sure where the law stands but personally I don't think investors should have the right to sue if they don't even know the technical value of the product that it is they are selling. Even less so if they know about it and are bold-faced lying. Nobody wants to pay full price for half a product.

[tonypitsacota]

This lawsuit is an excellent opportunity for Elon. He can now force transparency for the books and challenge the $1B withdrawal fee. Even paying a lawsuit and walking away will be cheaper than the $1B. Looking like Twitter is a dog. Either outcome, he's a winner.

[GimmieTheLoot]

This is what happens when you are brave enough to call the Dems out. They will be giving him the Trump treatment from now on.

[eugene]

Investors will have to prove in COURT that Twitter is legit. Good for Elon Musk.

[aduncaroo]

They need to sue the board for falsely reporting the number of real users

[garrywagner]

The board convinced the holders to sue. To hide their crimes. I noticed Dorsey quit the board. Is Dorsey taking cover from liability?

[kurtdowney]

LMAO! So he points out that twitter has been padding their numbers about real users and manipulating their worth for years and they come after him? They puffed up their own value .

[paullang]

Seems to me that investors should be going after Twitter. If they kept or bought stock on the false user numbers provided by Twitter etc.

[manoftruth]

The wails of a dying social media platform.

[TheClownVP]

They have got to be kidding . I hope when they lose . And lose they will, that’s Elon sues them back then they have to cover all Elons court cost

[truepatriots]

God Bless Elon Musk. A True Patriot !

[.Survivor]

This is great news! The next step will be discovery. Let's see what else Twitter has been up to!

[Rainy_Day]

Twitter should be sued for lying about the percentage of fake accounts. And suing someone because you couldn’t front run them isn’t a good argument.

[gregridgeway]

Musk's super power is not caring about the money. By the way, Twitter wasn't actually on the market for sale. If Musk pays a billion dollars to walk from the deal he won't loose a wink of sleep over the money. He's very amused by the drama of the whole thing which I'm pretty sure is way more important to him than whether or not he actually buys the company.

[dirk]

this is like suing the guy that exposed Enrons fraud, and then blaming the guy instead of blaming enron