Tesla CEO, who was sued for manipulation on Dogecoin in the past days, is now sued with Twitter.
What’s Happening Between Musk and Twitter?
Tesla and SpaceX CEO Elon Musk stated that he wanted to buy Twitter earlier this year and started the acquisition process with a $44 billion offer he submitted to Twitter in April, but recently announced that he had given up on buying the social media platform, causing the company’s shares to crash in the stock market. . Following these developments, Twitter management made a statement on the subject and announced that they would initiate legal action against Musk. Elon Musk’s lawyers also stated in their statement to the SEC that Twitter did not respond and refused to respond to multiple requests for information about fake or spam accounts on the platform, which is important for the company’s business performance. Twitter officials stated in the lawsuit petition that Musk’s claims to terminate the agreement have no basis and are just an excuse. After these developments, Elon Musk shared a sarcastic meme on Twitter, increasing the tension a little more.
As you know, Elon Musk was recently sued by a Dogecoin investor. After this development, and the Twitter case emerged, the questions of whether Elon Musk was a manipulator began to occur in the minds of many people. Let’s make a small reminder of what the Elon Musk and Dogecoin case was.
Musk and Dogecoin Case
Tesla and SpaceX CEO Elon Musk managed to come to the fore with his comments about Dogecoin towards the end of 2021, and since then, he has regularly shared his support for Dogecoin and shared about the community. In this process, the price activity of the crypto asset often started to move up or down, according to Musk’s statements. In this case, it was not welcomed by many investors, and the thought that Musk was manipulating the market spread from word to mouth. Finally, a Dogecoin investor sued Elon Musk for $258 billion for allegedly creating a pyramid scheme and speculating.
