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Twitter Investors Sue Elon Musk And Twitter Over Handling Of $44b Takeover Bid

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Twitter investors are suing Elon Musk and the social media platform for mishandling Musk’s $44 billion takeover bid.

Musk is accused of violating California corporate laws in a variety of ways, according to the lawsuit.

Musk is accused of “wrongful conduct” in the lawsuit, claiming that his “false statements and market manipulation have created ‘chaos’ at Twitter’s headquarters in San Francisco.”

According to the lawsuit, Musk benefited financially by delaying the disclosure of his significant stake in Twitter and his intention to join the company’s board of directors.

The suit also claims that several tweets posted by Musk, who has over 95 million followers on Twitter, were “misleading.”

This included a post in which Musk stated that his takeover bid for the social media company had been halted due to his concerns about the number of fake accounts on the platform.

Musk’s tweet on May 13 “constituted an attempt to manipulate the market for Twitter shares because he was aware of the fake accounts,” according to the lawsuit.

The lawsuit also claims that Musk “doubled down” on his allegations four days later by tweeting that the deal “cannot go forward.”

As of press time, Twitter shares were trading around 27% lower than Musk’s $54.20 offer price.

According to Frank Bottini, one of the lawyers representing the Twitter investors, the lawsuit was filed on Friday, May 27, as Musk “continues to disparage the company he wants to buy for $44 billion in an effort to renegotiate the purchase price.”

“The complaint we filed in San Francisco seeks to hold Musk accountable for his illegal conduct,” Bottini explained.

Analysts believe Musk’s tweets about the number of fake accounts, or bots, on Twitter were motivated by his desire to pay less than the $44 billion agreed upon with the company’s board in March.

Investor William Heresniak filed the proposed class-action lawsuit this week in the US District Court for the Northern District of California, claiming to be acting “on behalf of himself and all others similarly situated.”

Kubidyza is a Global Celebrity Blogger, Music Promoter and a Social Media Influencer | Most Influential Blogger In Ghana For Bookings: Kubinho80@gmail.com

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Tonto Dikeh Joins Politics; Set To Become Deputy Governor For Rivers State

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Actress Tonto Dikeh has joined politics after being chosen by Tonte Ibraye to be his Deputy as they fight for the governorship at the Rivers States and has promised to do better.

Tonto Dikeh is one of the celebrities fighting for a better Nigeria hence diced to use this opportunity to advise her fans to get their PVCs and vote for her and her governor in the forthcoming elections to build the better Nigeria they all want and yearn for.

According to Tonto Dikeh, she appreciates the opportunity given her to serve the people of Rivers State and we believe she’s going to do well as a Deputy Governor if citizens choose her and Tonte Ibraye to be their leader in the forthcoming elections.

Congratulations are just flooding the comment section of Tonto Dikeh and some fans have made it clear how much they want her as their Deputy Governor since they believe she will do well with Tonte by her side.

I thank Mr. Tonte Ibraye(@tonteibraye), the Governorship Candidate of the African Democratic Congress (ADC) Rivers State for nominating me as his running mate.
We are looking forward to investing massively in social protection, creating a social value system for young people, increased women inclusion in our governance system, supporting small businesses and strengthening our traditional institutions to be active players in the drive to bring sustainable development to the good people of Rivers State.
I am glad to be a proud member of the #RiversRescueMission2023

See the post below:

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Why Ghana’s Army Is Useless : Oliver Barker Explains Coup Comment

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Oliver Barker-Vormawor, convenor of the #FixTheCountry movement has opened up on why he labeled the Ghana Armed Forces as “useless”.

Recall that Oliver Barker-Vormawor took to his social media page to describe the Ghana Army as useless and also threatened to stage a coup.

According to Oliver Barker, he labeled the Armed Forces because the military has subjected themselves to active brutalization of citizens instead of protecting them. In an interview on Asaase Radio, Barker argued that he called them useless because of recent behavior.

The comment from Oliver Barker comes following an interview he granted on June, 10th…

“I think our Ghana Armed Forces is useless because this is the image so many people have of them. They think its [their] own job is to run around our streets and kill us. They are supposed to be a pillar of our democracy,” Barker-Vormawor said.

“I have seen so many times our army being in our communities brutalizing and killing us. I have seen our armed forces being directly involved in the [unaccountable] deaths of Ghanaian citizens.

“Take Ejura for instance, our army killed us. When I see our army operating in a way that is unconstitutional, you and I have to call them out and by so doing we call them useless because they are unable to protect our democracy. I believe that the Ghana Armed Forces is useless,” he added.

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Okudzeto Exposes Akufo-Addo Again For Hiring Expensive €20K Per Hour Private Jet

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The North Tongu MP, Samuel Okudzeto Ablakwa, has exposed President Akufo-Addo for hiring an expensive private jet on his latest trip.

Okudzeto in a Facebook post with accompanying photos wrote the following:

Incorrigible President Akufo-Addo has done it again.

After pretending he was a changed man by flying commercial on his last two trips to the US and the UK, he has returned to his grossly insensitive and reckless ways of profligate travelling in ultra-luxurious charters.

Probably thinking he will escape our unimpeachable surveillance if he switched companies, President Akufo-Addo on this occasion decided to abandon his favourite LX-DIO operated by Global Jet Luxembourg and opted for German-based private jet operator — K5-Aviation.

K5-Aviation has been licensed to operate its luxury fleet by the German National Aviation Authority (Luftfahrt-Bundesamt, LBA) since June 2011.

As usual, President Akufo-Addo ordered their top-of-the-range and most expensive aircraft in their collection — the Airbus ACJ319. It is registered D-Alex.

Its serial number is 5963, Type Code A319 and a Mode S of 3C70B8.

Being a more expensive luxury carrier, its oligarchic features include a Master bedroom with double bed and connecting bathroom with shower; 2 additional bedrooms; 3 washrooms; a Master bathroom with a walk-in shower; Air Humidification system; Airshow and 5 external cameras; Gogo 2Ku high-speed Wi-Fi, up to 70 Mbit/sec for streaming and video calls (charged extra); Video on demand and DVD including a 55” screen; music streaming; PlayStation; external cameras with tailfin view; airshow and a satellite phone.

The 19-VVIP-passenger D-Alex is celebrated for its 5,600 nm = 10,400 km range; equipped with 5 auxiliary centre tanks for intercontinental range and non-stop flights up to 12 hours; Maximum take-off weight of 76,500 kg and an impressive Maximum altitude of 41,000 ft = 12,400m.

This luxury monster is costing the Ghanaian taxpayer €20,000 an hour.

For President Akufo-Addo’s current trip to Belgium and Rwanda beginning Sunday the 19th of June, 2022 to attend the 15th Edition of the European Development Days Forum in Brussels, Belgium, and the 26th Meeting of the Heads of Government of the Commonwealth of Nations in Kigali, Rwanda; we can confirm a conservative bill of €480,000.00.

The 480,000 Euros which is derived from 21 hours of total flight time plus other industry charges works out to some 4.1million Ghana Cedis at current exchange rate.

I must, however, commend First Lady, Mrs. Rebecca Akufo-Addo for honourably flying to Kigali aboard Ghana’s Presidential Jet which took her some 4hours and 49minutes. Her confidence in Ghana’s Presidential Jet is refreshing and deeply admirable. Ghanaians are exceedingly proud of her.

It must definitely take a rare kind of insulting insensitivity for President Akufo-Addo to be this wasteful and obstinate at a time Ghanaians are facing a cost of living crisis.

Check out images below.

Justice White AJ wrote: It looks like you want to be a plane dealer in Ghana. And it looks like you want the president to use aboboyaa to fly. Hypocrites.

Samuel-Clement wrote: I’m happy Nana Addo is flying in expensive luxurious jets and living large. You parliamentarians don’t cough when it benefits you all—but scream when it goes to one side. You are all ripping the country off one way or the other. Akufo-Addo is no different from you parliamentarians.

Ghana First wrote: Can’t God settle this matter in the air for Ghanaians… Since He enjoys being in the sky… God should call him for answers… God grants Ghanaians’ wishes because this man is too wicked.

Benjamin Dake wrote: So Ghana’s Presidential jet is safe enough to carry our First Lady but the president who keeps singing “my beautiful Rebecca” prefers to fly in a luxurious and more expensive jet….

I don’t understand this man any longer

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