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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PRESIDENT TINUBU CONGRATULATES BELLO MATAWALLE, MINISTER OF STATE FOR DEFENCE, ON HIS BIRTHDAY . (PHOTO).

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 President Tinubu Congratulates Bello Matawalle, Minister Of State For Defence, On His Birthday 


President Bola Tinubu has congratulated Dr Bello Muhammad Matawalle the Minister of State for Defence, on his birthday.


This is contained in the President's congratulatory message commending  Matawalle's immense contributions to the country as a teacher, minister, and member of the Renewed Hope team, and to his home state of Zamfara, which he had served as governor from 2019 to 2023. 


A statement by Bayo Onanuga Special Adviser to the President, Information and Strategy, says 

President Tinubu notes the minister's efforts in the battle against banditry and terrorism, and saying all hands must be on deck to bring the agents of evil to justice.


It adds, the President says this special occasion of the minister's birthday has come at an auspicious moment in his life, when he also performed the marriage ceremony for his children. 


President Tinubu prayed and  wished the Minister of State for Defence Dr. Matawalle many more years and continued meaningful service to the nation. It concludes.

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