News for hackers. Stuff that matters.
Re:Notice of termination of Twitter merger agreement by edgyquant on Friday July 08, 2022 @07:00PM (#32028889)
How exactly would that be fraud?
Re:Notice of termination of Twitter merger agreement by shuckles on Friday July 08, 2022 @07:09PM (#32029012)
The poster was positing that Elon lied about his intent to buy Twitter in order to manipulate Tesla investors, which is securities fraud. A public company executive is required to be transparent and honest about actions they take which might impact the company's stock price, especially if they're on the other side of a trade. Basically everyone who bought his $40b in stock or accepted it as pledged collateral could claim damages.