Elon Musk appeared in court to testify in a lawsuit filed by shareholders of the platform Twitter, now known as X. The investors accuse the billionaire of deliberately undervaluing the company before its acquisition in 2022. During questioning, Musk admitted that some of his social media posts may not have been the wisest, but he firmly denied involvement in an organized smear campaign aimed at lowering the purchase price.
Elon Musk has faced justice to answer allegations of alleged market manipulation during the process of acquiring the Twitter platform for $44 billion. The company's shareholders claim the billionaire deliberately published posts undermining the service's credibility, which was intended to drive down stock prices and enable a renegotiation of the deal's terms. The main point of contention is a series of publications in which Musk questioned the number of fake accounts and bots on the platform, which ultimately led to a temporary suspension of the transaction. During his testimony, Musk addressed his controversial actions on the social media service, stating that one of the key posts „may not have been my wisest”. At the same time, the tech mogul argued that his posts were not part of a conspiracy, but an expression of frustration related to a lack of transparency from Twitter's then-management. Musk also raised the issue of the judge's stance in the original lawsuit to finalize the purchase, claiming that the judge's bias forced him to pay the full price, despite what he sees as revealed flaws in the platform. Musk's acquisition of Twitter in October 2022 was one of the largest and most turbulent transactions in the history of the technology sector, ending with the company's delisting from the stock exchange and its rebranding to X.The lawyers representing the investors are trying to prove that Musk's actions constituted a breach of <przypis title=