Businessman Elon Musk has been sued by a Twitter shareholder for market manipulation. He is being accused of pushing down the Twitter stock price.
The Tesla boss had made an offer of US$44 billion to purchase the social media network. It is alleged that he tweeted with intentions to create doubts about the deal.
Musk is reported to have said that his Twitter deal won’t proceed unless he gets proof of the numbers of the stem accounts plaguing the system.
It has been argued that Musk wanted to walk away from the deal without penalties or to purchase Twitter at a lower price.