ELON MUSK FACES CIVIL SECURITIES FRAUD SUIT OVER TWITTER PURCHASE AS HE EYES SPACEX IPO. (PHOTO).

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 Elon Musk faces civil securities fraud suit over Twitter purchase as he eyes SpaceX IPO  Since acquiring Twitter for roughly $44 billion in late 2022, Elon Musk has renamed the platform X, merged it with his artificial intelligence company xAI, and integrated both into his defense and space company, SpaceX. Musk’s next major move could be taking SpaceX public in what would likely be a record-setting IPO, but first, he is confronting legal challenges from his past. On Wednesday, Musk appeared in federal court in San Francisco to face allegations of civil securities fraud tied to his Twitter purchase. Investors filed a class action in October 2022, claiming Musk manipulated Twitter’s stock to pressure the board into selling at a lower price than initially promised. Musk’s legal team denies any intent to harm Twitter or its shareholders. During the hearing, Musk acknowledged that his tweets can affect stock prices, sometimes unpredictably, and described the market as “manic depr...
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ACTOR UZOR ARUKWE REACTS AFTER BEING DRAGGED INTO VIRAL DIVORCE RUMOUR INVOLVING BBN STAR BAMBAM. (PHOTO).

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 Actor Uzor Arukwe reacts after being dragged into viral divorce rumour involving BBN Star BamBam


Nollywood actor Uzor Arukwe has spoken out after being linked to a viral rumour circulating online about actress BamBam’s marriage.


In a post shared on X, the actor revealed that a specific account had been identified as the source of what he described as false rumours and baseless accusations about him and a colleague in the industry.


He stated that he deliberately refused to quote the account so as not to give it attention, but warned that the individual would face consequences.


Uzor wrote that the person would be “made a scapegoat” so others would learn to respect boundaries and stop chasing clout at the expense of people’s reputations.

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