Elon Musk takes witness stand in trial over Twitter takeover

2026-03-04 - 21:02

Twitter investors allege the billionaire publicly derided the social network to sink its stock price and buy it at a bargain Elon Musk testified Wednesday in a trial brought by Twitter investors, who allege the billionaire committed securities fraud as he was buying the social media company in 2022. The class-action lawsuit alleges Musk agreed to buy Twitter but then waffled for months, attacking the company with the goal of bringing down the stock price to get a better bargain. After contentious legal wrangling, Musk did eventually buy Twitter for $54.20 a share, his original offer, totalling around $44bn. His lawyers have argued that he did not aim to lower Twitter’s stock price or hurt its investors. Continue reading...