Elon Musk

Elon Musk is being sued by a Twitter stakeholder for causing the company’s stock to plummet

On Wednesday night, a new complaint was filed in federal district court in San Francisco on behalf of Twitter stockholders against Elon Musk, alleging that the Tesla CEO willfully manipulated the company’s stock for personal advantage.

The complaint focuses on Musk’s behavior after signing the acquisition agreement with Twitter’s board on April 25th, specifically his recent declaration that the deal “cannot move forward” without further information concerning automated accounts on the network.