Recently, the Chief Executive Officer of Tesla and SpaceX, Elon Musk, received a class-action lawsuit regarding his role in promoting Dogecoin on social media. The main plaintiff, Keith Johnson filed the lawsuit, alleging that Musk manipulated the coin's value and designed a pyramid scheme for personal gain. Due to the serious allegations against Musk, he is being sued for $258 billion.
by Matin VarshochiIn an attempt to own the social media company, Elon Musk's offer to buy Twitter is around 43 billion dollars. However, the Twitter board has unanimously agreed to adopt a measure called poison pill.
by Sheena AllenElon Musk, founder and CEO of the electric car manufacturer Tesla, became the largest shareholder in the social media company Twitter. Musk, worth an estimated $282 billion, purchased 73 million shares to give him a 9.2% stake in the company.
by Sheena AllenElon Musk allegedly violated one of the agreements in a pending securities lawsuit from 2018. According to the SEC, the co-founder of Tesla used his Twitter to provide financial information about the company that caused Tesla stock to increase.
by Sha'Kreshia Terrell