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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Twitter Shareholder Lawsuit Accuses Musk of 'Market Manipulation'

Twitter Inc. Elon Musk Lawsuit Tesla Inc. San Francisco
Analysts have doubts about Elon Musk's notion of relying on subscriptions instead of ads at Twitter Britta Pedersen POOL/AFP/File

Elon Musk faces a lawsuit accusing him of pushing down Twitter's stock price in order to either give himself an escape hatch from his $44 billion buyout bid, or room to negotiate a discount.

The suit alleges the billionaire Tesla boss tweeted and made statements intended to create doubt about the deal, which has roiled the social media platform for weeks, AFP said.

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