Elon Musk is expected to take the stand in a shareholder trial on Wednesday in San Francisco, where he’s accused of making false and misleading statements that drove down Twitter’s stock price before he bought the social media platform for $44 billion in 2022.
The lawsuit was filed in October 2022 in the U.S. District Court for the Northern District of California on behalf of Twitter shareholders who sold the stock between May 13 and Oct. 4, 2022, a few weeks before Musk’s purchase of Twitter was finalized. It claims Musk violated federal securities laws by making false, public statements that “were carefully calculated to drive down the price of Twitter stock.”
25 Comments
entropiclyclaude@lemmy.wtf · 69 pts · 178d
A bullet would be faster and cheaper way of dealing with Elon.
danc4498@lemmy.world · 12 pts · 178d
Unfortunately, you can’t kill cancer with a bullet.
PapaStevesy@lemmy.world · 29 pts · 178d
You can't cure cancer with a bullet, but you can definitely kill it with one.
DarrinBrunner@lemmy.world · 3 pts · 178d
Or, at least the host.
idiomaddict@lemmy.world · 13 pts · 178d
This kills the cancer. Not as quickly as it kills the host, but still pretty soon.
jtrek@startrek.website · 6 pts · 177d
Surely we've all seen the relevant XKCD https://xkcd.com/1217/
danc4498@lemmy.world · 2 pts · 177d
There’s always an XKCD reference.
comrade_twisty@feddit.org · 33 pts · 178d
He paid off the president and controls all the data he stole from social security admin etc.
Nothing is gonna happen to him.
pennomi@lemmy.world · 11 pts · 178d
TomMasz@lemmy.world · 9 pts · 178d
Trump doesn't really have friends anyway, so as long as they are ideologically compatible, Musk is safe.
DarrinBrunner@lemmy.world · 6 pts · 178d
Trump doesn't give one flying fuck what Elon does, as long as it doesn't affect Trump, personally. This has nothing to do with Trump, be beyond that, Trump probably made a killing on the deal.
RestrictedAccount@lemmy.world · 1 pts · 177d
Those Social Security data are worthless as a bargaining chip because he would instantly go to jail if he disclosed that he actually had them.
(Don’t mess with the Boomers)
minorkeys@lemmy.world · 1 pts · 177d
And if you can't think of a way it can be used, as if laws still matter to the wealthy, obviously, nobody else can....
RestrictedAccount@lemmy.world · 1 pts · 177d
I agree that those data are valuable, but just not forcing someone to do something in a public spat.
CombatWombat@feddit.online · 24 pts · 178d
I mean, he definitely did it. We all remember the breathless coverage of his 2am ketamine tweets to manipulate the market:
I wonder if he has enough clout left with the Trump admin to weasel out of this one, like he did with the Tesla deal.
some_designer_dude@lemmy.world · 5 pts · 178d
Clout? You mean money? He’s got plenty so he will be just fine with the Trump admin.
NocturnalMorning@lemmy.world · 20 pts · 177d
Steal all Americans sensitive data using DOGE, no big deal. Manipulate the stock market and get caught, that's a paddlin...
Man we are so fucked as a species.
electrotabby@piefed.social · 7 pts · 177d
First is a crime against the common folk. Second is a crime against other rich people. There's a difference!
SnotFlickerman@lemmy.blahaj.zone · 18 pts · 178d
Ah yes all his horseshit about the bot problem and how he needed concrete numbers to solve the problem or "die trying."
Since he still hasn't even begun to solve it I really hope he just fucking dies... Trying? Yeah let's go with that.
crazycraw@crazypeople.online · 5 pts · 178d
Paging a Mr. Trying.
you are being paged.
utopiah@lemmy.world · 13 pts · 178d
To be fair he deflated the stock also after purchase.
TankovayaDiviziya@lemmy.world · 11 pts · 178d
I'm convinced that some people who look up to the rich despite being dicks, secretly admire these rich individuals' underhanded way on how to get rich.
Bullerfar@lemmy.world · 8 pts · 178d
It's not about money, it's about power.
ColeSloth@discuss.tchncs.de · 4 pts · 177d
I don't have the most fantastic memory, but as I recall the stock went up very high after he said he was going to buy it the first time, and stayed higher than it was before he said anything by quite a bit up through his purchase.
0_o7@lemmy.dbzer0.com · 3 pts · 177d
USA is just running a "Kingdom of Billionaires" reality show...
They're not going to face any real consequences whatsoever. They just want you think think they will just like a very predictable TV show.
resipsaloquitur@lemmy.world · 1 pts · 177d
UHH, I SPEND A LOT OF TIME COURT. I’M BASICALLY A LAWYER. I DESERVE AN HONORARY JD BY NOW. THOUGH PROBABLY NOT, SINCE WE WONT BE ALLOWING LAWYERS ON
MARSTHE MOON.