[Elon Musk Testifies in Court Over Market Manipulation Allegations During Twitter Acquisition] BlockBeats News, March 5, according to the Financial Times, Elon Musk admitted during the multibillion-dollar lawsuit surrounding his $44 billion acquisition of Twitter that the tweet he posted 'may not have been the most prudent move.' The world's richest man is currently defending himself in court against market manipulation allegations. He told the San Francisco jury on Wednesday that the tweet was not intended to manipulate Twitter's stock price, as it was posted during the acquisition negotiations. A group of Twitter investors claims they suffered losses after Musk threatened to back out of the deal to gain leverage in the acquisition talks, even though Musk knew he was legally obligated to complete the $44 billion purchase. After signing a binding acquisition agreement in April 2022 and waiving the right to conduct due diligence, Musk quickly began questioning the number of bot accounts on the platform. On May 13, 2022, he tweeted that the deal was 'temporarily on hold' unless the company could prove that 'spam/fake accounts indeed represent less than 5% of users.' Twitter's stock price dropped 9% at the opening of the market that day.