Twitter Shares Rise After Hindenburg Takes Long Position Amid Legal Battle Against Elon Musk
Short-seller Hindenburg Research said on Wednesday it had taken a long position in Twitter shares and warned the social media firm's lawsuit against Elon Musk, the world's richest man, could pose a threat to his companies.Twitter's shares rose about 6 percent to $35.90 (nearly Rs. 2,900) on the news, a day after the company sued Musk for violating his $44 billion deal (roughly Rs. 3,50,290 crore) and asked a Delaware court to order him to complete the merger at the agreed $54.20 (roughly Rs. 4,300) per Twitter share.Musk,…