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The Independent UK
The Independent UK
National
Barbara Ortutay

Elon Musk defends tweets in lawsuit alleging they caused Twitter stock to fall before acquisition

Musk Twitter Shareholders - (Copyright 2026 The Associated Press. All rights reserved)

Elon Musk continued to defend his actions in the months leading up to his 2022 purchase of Twitter in court Thursday as he faces a class action lawsuit claiming he misled investors and caused them to lose millions of dollars.

The civil trial in San Francisco centers on a class-action lawsuit filed just before Musk took control of Twitter, a social media service he renamed X, in October 2022, six months after agreeing to buy the embattled company for $44 billion, or $54.20 per share.

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