Musk's Twitter Trial: Shareholders Accuse Him of Deception
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Closing arguments commence in San Francisco court as Elon Musk faces Twitter shareholders in a class-action lawsuit, accused of misleading investors over Twitters bot problem. Musk attempted to back out of the $44 billion deal due to concerns over fake accounts, but later completed the takeover, renaming it X. Twitters former CFO testified that the fake account rate was near one percent, contradicting Musks claims of at least twenty percent. The judge warned against bias, emphasizing everyone deserves a fair hearing.
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