The Morning After: Elon Musk faces lawsuit over his Twitter investment
Elon Musk, Tesla CEO, SpaceX boss, that guy, has been Twitter’s largest shareholder for mere weeks but has packed in enough drama and turmoil to make it feel like months.
He’s now facing legal action over the handling of his latest investment. A Twitter shareholder has filed a class-action lawsuit against Musk over his 11-day delay in officially disclosing his investment in Twitter to the SEC. It continues the bizarre ebb and flow between the Tesla CEO and Twitter. After becoming the social network’s biggest shareholder, Musk agreed to join Twitter’s board of directors. Then, the decision was reversed following several days of bizarre tweets from Musk, who polled his Twitter followers on whether the company should change its name and speculated on whether the service was “dying.
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