Last mentioned: Mar 4, 2026
Musk Takes Stand
Musk testifies in the shareholder class-action trial in San Francisco.
Acquisition Closes
Musk completes the purchase of Twitter and immediately fires top executives.
Deal 'On Hold'
Musk tweets that the deal is on hold pending details on spam/bot accounts, causing stock to drop.
Merger Agreement
Twitter board accepts Musk's offer to buy the company for $44 billion.
Stake Disclosure
Musk reveals a 9.2% stake in Twitter, several days after the SEC-mandated deadline.
Elon Musk has taken the stand in a San Francisco federal court to defend against shareholder allegations that he intentionally deflated Twitter's stock price during his 2022 acquisition. Investors claim Musk's public skepticism regarding bot accounts was a calculated tactic to lower the $44 billion purchase price.