this post was submitted on 06 Oct 2023
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439
Elon Musk under investigation by US agency for $44bn takeover of Twitter (www.theguardian.com)
submitted 1 year ago by aquarisces@lemmy.world to c/technology@lemmy.world
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[โ€“] SaltySalamander@kbin.social 1 points 1 year ago (1 children)

Now he's wrecking the company seemingly on purpose. Market manipulation.

Seeing as how the company is now private, how is him wrecking the company "market manipulation"? Twitter isn't on the market anymore.

[โ€“] machinin@lemmy.world 2 points 1 year ago

I believe they are referring to him buying a significant amount of stock and failing to disclose it, which is illegal. Then talking about buying it for a high price, then trying to get out of buying it after signing the deal. There were lots of shenanigans going on before the final purchase. That's what this is all about.