The Morning After: Elon Musk faces lawsuit over his Twitter funding

The Morning After: Elon Musk faces lawsuit over his Twitter funding



Elon Musk, Tesla CEO, SpaceX boss, that man, has been Twitter’s largest shareholder for mere weeks however has packed in sufficient drama and turmoil to make it really feel like months.

He’s now going through authorized motion over the dealing with of his newest funding. A Twitter shareholder has filed a class-action lawsuit in opposition to Musk over his 11-day delay in formally disclosing his funding in Twitter to the SEC.

It continues the weird ebb and movement between the Tesla CEO and Twitter. After turning into the social community’s largest shareholder, Musk agreed to affix Twitter’s board of administrators. Then, the choice was reversed following a number of days of weird tweets from Musk, who polled his Twitter followers on whether or not the corporate ought to change its title and speculated on whether or not the service was “dying.”

As we famous in our report, Twitter CEO Parag Agrawal informed workers it was “for the best” that Musk in the end wouldn’t take the place on the board.

— Mat Smith

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Hasbro

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The replace was initially slated to reach earlier than the tip of June.

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VCG through Getty Images

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