Twitter’s in hot water over legal battles, Musk’s court fights, and EU fines. The platform, now X, is the world’s top microblogging site.
Elon Musk testified in a San Francisco court over allegations he manipulated Twitter's stock price by making false statements about fake accounts and the deal's status. The lawsuit claims Musk's tweets aimed to drive down Twitter's value before completing his $44 billion acquisition in 2022.
On March 30, 2026, Delaware Chancellor Kathaleen McCormick recused herself from three Tesla shareholder lawsuits involving Elon Musk after his lawyers challenged her impartiality over LinkedIn activity. The lawsuits allege Musk breached fiduciary duties and violated an SEC settlement. McCormick denied bias but cited media attention as detrimental to justice and reassigned the cases to other judges.
The SEC has reached a settlement with Elon Musk over 2022 disclosures related to his Twitter stake. A revocable trust will pay a civil penalty, ending the Biden-era enforcement action and shielding Musk from further penalties related to this matter. The judge has not yet approved the deal.