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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BORDER BUST AT BEITBRIDGE, OVER 800 BOTTLES OF SOUTH AFRICAN MEDICINE SEIZED. (PHOTO).

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 Border bust at Beitbridge, over 800 bottles of South African medicine seized


Zimbabwean authorities intercepted more than 800 bottles of South African medicine at the Malume Zone near Beitbridge Border Post.


The seizure followed an illegal border crossing by a Zimbabwean national returning from South Africa.


Officials are investigating the source and intended distribution of the medicine.


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