Core Viewpoint - The article discusses the ongoing legal proceedings involving Elon Musk and the allegations of stock price manipulation during the acquisition of Twitter (now "X") for $44 billion in 2022, highlighting Musk's defense and the implications of his statements on the stock market [2][3]. Group 1: Acquisition Timeline and Legal Proceedings - In April 2022, Musk agreed to acquire Twitter at $54.20 per share, totaling approximately $44 billion [2]. - On May 13, 2022, Musk tweeted about pausing the acquisition, citing concerns over fake accounts, which led to a 9% drop in Twitter's stock price [2]. - Following further statements from Musk claiming that nearly 20% of accounts were fake, he officially abandoned the acquisition on July 8, 2022, with Twitter's stock price falling to $36.81, a 32% decrease from the agreed purchase price [2]. Group 2: Allegations and Defense - After Musk's withdrawal, Twitter sued him to enforce the acquisition, leading to Musk agreeing to complete the deal in October 2022 [3]. - Post-acquisition, Musk fired several executives, claiming they misled investors regarding fake accounts, and restructured the company, renaming it "X" in July 2023 [3]. - A group of shareholders filed a lawsuit against Musk, alleging that his statements were misleading and intended to pressure the board into accepting a lower price, violating federal securities laws [3]. Group 3: Evidence and Potential Consequences - Evidence presented in court indicated that Musk received advice from Barclays bankers suggesting that a threat to withdraw could lead to a price reduction, which Musk acknowledged [4]. - If the jury rules in favor of the investors, Musk could face up to $1 billion in damages [5]. - This is not Musk's first legal challenge related to social media statements; he previously settled with the SEC for $20 million over misleading claims about taking Tesla private [5].
马斯克出庭回应推特收购案:我没有操纵市场