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Euronews
Euronews
Una Hajdari

Elon Musk faces court over claims he tanked Twitter stock before buyout

Elon Musk is expected to take the stand in a shareholder trial on Wednesday in San Francisco, where he is accused of making false and misleading statements that drove down Twitter's share price before he bought the social media platform for $44 billion (€37.9 billion) in 2022.

The lawsuit was filed in October 2022 in the US District Court for the Northern District of California on behalf of Twitter shareholders who sold the stock between 13 May and 4 October 2022, a few weeks before Musk's purchase of Twitter was finalised.

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