Tech mogul Elon Musk took the stand in San Francisco to defend himself against accusations of deceptive practices and stock manipulation during his $44 billion takeover of Twitter (now X). Shareholders allege Musk deliberately lowered the company's stock price to renegotiate the deal, citing his claims about bot accounts as a pretext.
Musk maintained that Twitter's board misled him, describing their data as "BS." He also claimed that potential judicial bias influenced his decision to ultimately complete the acquisition. This legal battle highlights the significant financial implications for shareholders and Musk's history of navigating regulatory scrutiny over his public statements.
