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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BRITNEY SPEARS SELLS OWNERSHIP OF HER MUSIC CATALOG. (PHOTO).

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 Britney Spears sells ownership of her music catalog


Britney Spears has sold the rights to her music catalog to the publishing company Primary Wave, according to a source familiar with the agreement.

The deal is reportedly worth around $200 million. Representatives for Spears and Primary Wave did not immediately comment on the sale.

Spears, 44, first rose to fame with her 1999 debut album and has produced a string of iconic hits, including “...Baby One More Time,” “Oops!… I Did It Again!,” “Gimme More,” “Circus,” and “Not a Girl, Not Yet a Woman.”

She was freed from a 13-year conservatorship in 2021. In her 2023 memoir, The Woman in Me, Spears detailed how her life had been controlled by others. Since then, she has married and divorced Sam Asghari and continues to attract attention online with Instagram posts, often featuring dance clips or cryptic imagery. Last week, she posted a message expressing fear of her family and gratitude for surviving her past, though she later removed the caption.

Spears joins a growing list of major artists who have sold their music catalogs in recent years, including Bob Dylan and Bruce Springsteen. Primary Wave’s portfolio also includes works by Stevie Nicks and the estates of Prince and Biggie Smalls, representing more than 1,000 Top 10 singles and over 400 number-one hits.


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