Elon Musk to face trial

American billionaire Elon Musk faces a lawsuit over the Twitter acquisition deal. A group of investors accuses him of deliberately misleading the market, claiming that his repeated statements about buying the social network were merely a strategic move to lower the cost of its shares.

Price manipulation tactics

According to the plaintiffs, Musk intentionally created uncertainty around the deal, at times declaring his intention to buy Twitter and at others questioning its terms. This tactic led to fluctuations in the share price, which investors believe gave the entrepreneur the opportunity to acquire the company at a more favourable price.