Musk misled Twitter investors
Digest more
A federal jury finds Elon Musk liable for misleading Twitter investors during his $44 billion acquisition, with potential damages up to $2.5 billion.
The jury rejected other allegations that Musk had engaged in a coordinated “scheme” to defraud Twitter shareholders.
On Tuesday, A lawyer for former Twitter investors told a San Francisco federal jury that Elon Musk deliberately undermined the company in 2022 by publicly casting doubt on the number of fake accounts on the platform.