Twitter shareholder lawsuit accusing Elon Musk of driving down stock goes to jury

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Closing arguments concluded Tuesday in a trial pitting Elon Musk against Twitter shareholders who say the world’s richest man engaged in a pattern of deceptive behavior that misled investors as he attempted to back out of his $44 billion deal to buy the social media platform in 2022. The civil trial in San Francisco centers on a […]


Elon Musk to testify securities fraud trial over Twitter deal in SF

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Elon Musk looks on as President Donald Trump speaks at the US-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, Nov. 19, 2025. Brendan Smialowski | Afp | Getty Images Since buying Twitter for around $44 billion in late 2022, Elon Musk has changed the name to X, merged […]


Why Lit Hub is no longer on Twitter ‹

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May 1, 2025, 11:42am “Why I’m leaving Twitter” is, at this point, an irritating genre of post. Nonetheless, it’s important to go on record in the face of Elon Musk’s vacuous amorality and its concomitant amplification of actual Nazis (not to mention his relentlessly inept destruction of American government as oligarch-in-chief). Look, the guy is […]


Elon Musk must face Twitter shareholders’ lawsuit over alleged securities fraud

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Elon Musk’s Twitter profile displayed on a computer screen and Twitter logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on April 9, 2022. Jakub Porzycki | Nurphoto | Getty Images A proposed class-action lawsuit against Elon Musk and his family office Excession can proceed in federal court, […]


Elon Musk received summons in SEC suit over Twitter disclosure

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Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC.  Mandel Ngan | AFP | Getty Images Elon Musk received a court summons last week in connection […]


Musk’s Twitter Takeover Offers Trump a Blueprint

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The email landed in employees’ inboxes with the subject line: “Fork in the Road.” The message in the email was stark: Accept a sweeping set of workplace changes or resign. That was the note that millions of federal employees received around 5 p.m. on Tuesday. It echoed a similar message that thousands of workers at […]


Elon Musk sued by SEC over late disclosure of Twitter stake

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Elon Musk was sued on Tuesday by the Securities and Exchange Commission for having failed to timely disclose purchasing more than 5% of Twitter’s common stock in March 2022 — a parting shot at the mogul by lame-duck SEC boss Gary Gensler. In a complaint filed in Washington, DC, federal court, the SEC said the […]