Title
Rasella (Twitter) v Elon R. Musk
Case Number
1:22-cv-03206
State or Country
New York
Judges
TBD
Defendant
Elon Musk
Document Links 1 (Scribd et. al)
https://www.forbes.com/real-time-billionaires/#f8bb9bf3d788
Date
April 12, 2022
Type of Case
1st Amendment Freedom of Speech, Securities
The Court the Case was filed in
United States District Court Southern District of New York
County/City:
New York, New York
Plaintiff
Marc Bain Rasella for Twitter and others
Comments
PROVIDENCE, R.I. (AP) — Tesla CEO Elon Musk’s great Twitter turnabout — in which he disclosed his massive stake in the social media company, got a seat on its board, publicly floated drastic changes and then turned down the board role — all happened in a week.
But its aftermath could linger if the mercurial billionaire who now holds a roughly 9% stake in Twitter continues to push forward his ideas for reshaping the business of social media.
WHY DIDN’T MUSK JOIN THE BOARD?
Musk said he informed Twitter on Saturday that he wouldn’t be joining its board of directors, after being invited five days earlier, according to a financial disclosure. He didn’t explain why but the Saturday decision coincided with a barrage of now-deleted tweets from Musk proposing major changes to the company, such as dropping ads — its chief source of revenue — and transforming its San Francisco headquarters into a homeless shelter. Musk left a few clues on Twitter about his thinking, such as by “liking” a tweet that summarized the events as Musk going from “largest shareholder for Free Speech” to being “told to play nice and not speak freely.” https://apnews.com/article/spacex-technology-business-social-media-e2cac6573822f9c26780022929afb02f