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Jury finds Elon Musk liable for misleading investors ahead of Twitter acquisition

A jury in California has found billionaire Elon Musk liable for misleading investors ahead of his $44 billion acquisition of Twitter, which he later renamed X. Jurors were asked to decide if two tweets and comments Musk made on a podcast in May 2022 amounted to him intentionally defrauding Twitter shareholders, who sold their shares based on Musk’s statements. 

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visibility 293 views thumb_up 12 comment 1 schedule 2:59 2026 2 months ago
A jury in California has found billionaire Elon Musk liable for misleading investors ahead of his $44 billion acquisition of Twitter, which he later renamed X. Jurors were asked to decide if two tweets and comments Musk made on a podcast in May 2022 amounted to him intentionally defrauding Twitter shareholders, who sold their shares based on Musk’s statements. 
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