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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NGA PARTNERS NGO TO EMPOWER 15,00 CREATIVE ARTISTES. (PHOTO).

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 NGA PARTNERS NGO TO EMPOWER 15,00 CREATIVE ARTISTES


The National Gallery of Art (NGA), has partnered with the Social Good Fund Africa to launch an Innovation Hub and AI Media Toolkit, aimed at empowering 15,000 Nigerian creatives. 


Our arts and Culture correspondent Ngufan Shaaji Ugwuanyi reports that The initiative focuses on building an AI-powered business incubation labs that supports artists, filmmakers, and other creatives with tools, mentorship, and financial access to improve profitability and efficiency.


The event also featured key stakeholders and highlighted the collaboration as a strategic move to boost the Nigerian creative economy through AI technology.

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