Musk countersued Twitter last week, accusing the company of fraud over his aborted $44 billion acquisition.
Shares of Tesla rose almost 2% before the opening bell Wednesday. Shares of Twitter Inc., up 16% in the past month with most believing Musk faces long-shot odds of success in court, jumped another 3%. Twitter last week, accusing the company of fraud over his aborted $44 billion acquisition. He claimed that Twitter held back critical information and misled his team about the size of its user base.
Musk offered to buy Twitter earlier this year, then tried to back out of the deal claiming the social platform was infested with a larger number of “spam bots” and fake accounts than Twitter had disclosed.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk sells $7B in Tesla shares ahead of Twitter fight“In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,' Musk tweeted.
Read more »
Elon Musk sells $7B in Tesla shares ahead of Twitter fightElon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter.
Read more »
Elon Musk sells nearly $7B in Tesla shares as Twitter legal battle rages onElon musk has sold nearly $7 billion worth of Tesla shares, months after saying he was done with his selling spree following his $44 billion bid to buy Twitter.
Read more »
Elon Musk sells $7B in Tesla shares ahead of Twitter fightElon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter.
Read more »
Elon Musk sells another $6.9 billion of Tesla stock ahead of Twitter trialMusk has now dumped about $32 billion worth of Tesla shares since November. The world’s richest person said less than four months ago he had no further stock sales planned and has attempted since t…
Read more »
Elon Musk Sells 7.92 Million Tesla Shares Worth $6.88 BillionTesla CEO Elon Musk sold 7.92 million shares of Tesla worth around $6.88 billion, according to a series of financial filings published Tuesday night.
Read more »