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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BANDITS KIDNAP CATECHIST, PREGNANT WIFE, 30 OTHERS IN KADUNA – CATHOLIC PRIEST. (PHOTO).

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 Bandits Kidnap Catechist, Pregnant Wife, 30 Others In Kaduna – Catholic priest


The Parish Priest of St. Joseph Catholic Church in Kagarko Local Government Area of Kaduna State, Rev. Fr. Linus Matthew Bobai, has revealed that bandits attacked their community and abducted the church’s catechist, his pregnant wife, and about 30 other residents.


Fr. Bobai disclosed this on Wednesday during an interview on Arise Television, where he described the situation in the community as tense and distressing. 


He said many residents have fled to nearby villages out of fear.


According to him, soldiers from a neighbouring community arrived shortly after the attack and conducted a brief patrol before leaving.


“We are helpless at the moment. The entire community is gripped by fear. More than 98 percent of residents have relocated to a nearby village. Those of us who slept here last night were fewer than 40,” he said.


The priest added that even more people left later in the evening due to ongoing fears of further attacks.


“Many are afraid, and understandably so. Some of us are scared too, but as pastors, we cannot abandon the community. We have encouraged a few others to remain so we can continue to look after the area,” Fr. Bobai stated.

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