Elon Musk misled investors during Twitter takeover, US jury finds
Elon Musk misled investors during Twitter takeover, US jury finds
A U.S. jury ruled that Elon Musk intentionally misled investors by manipulating Twitter’s stock price in the months before his $44 billion acquisition of the social media platform.
However, Musk was exonerated from certain fraud claims during the San Francisco-based civil trial.
The case focused on a class-action suit initiated shortly before Musk assumed control of the company, now known as X.
Jurors evaluated whether two posts and comments from Musk on a podcast in May 20
