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 HOSTS FEC MEMBERS TO INTERFAITH BREAKING OF FAST. (PHOTO).

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 PRESIDENT TINUBU HOSTS FEC MEMBERS TO INTERFAITH BREAKING OF FAST 

                                    

Despite the popularity of the APC leading to mass defections of state governors to the ruling party, members of the federal executive council and heads of agencies of government have been implored to intensify education of the public about the good intention of the current administration’s policies and programmes.


Vice President Kashim who spoke on behalf of his principal, President Bola Tinubu, said this at an interfaith breaking of fast dinner for members of the Federal Executive Council and heads of federal agencies at the state house.


The Vice President who traced the journey of the administration from inception acknowledged that about three years of reforms have resulted in a more stabilized economy for the nation.


He appreciated president Tinubu for providing the needed leadership, which Nigeria needs at the moment and thanked members of the council as well as heads of agencies for their contributions to the success of the administration so far.


They prayed for continued strength and wisdom for the president as well as peace and development of Nigeria.

One more photo below. 


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