Elon Musk has been found liable by a California jury for misleading Twitter shareholders amid his $44 billion acquisition of the social media platform in 2022.
A U.S. federal jury has ruled that Elon Musk misled Twitter shareholders with false statements while negotiating his $44 billion acquisition, a verdict that could cost him billions. The class-action lawsuit focused on two tweets Musk…
A jury has concluded Elon Musk defrauded Twitter investors when he disparaged the company in 2022 in an effort to buy the social media platform for a lower price than his original $44 billion bid, Bloomberg News reported on Friday.
Twitter is officially 20 years old. In another reality, that might make me kind of nostalgic. I've been lurking and scrolling and tweeting for 16 years; most of my adult life. There was a time when Twitter was a place where some internet…
A federal jury in California found Friday that tech tycoon Elon Musk misled Twitter shareholders, driving down the company's share price as he was poised to buy it in a $44 billion deal.
Elon Musk artificially drove down the price of Twitter’s stock in 2022 with tweets claiming the social-media company — which he had already agreed to acquire — had underreported how many fake and spam accounts were on its platform, a…
A federal jury in California found Friday that tech titan Elon Musk misled Twitter shareholders in an effort to drive down the company's share price as he was poised to buy it in a $44 billion deal.
SAN DIEGO, CALIFORNIA - MARCH 20: Eddie Munyak #14 of the Long Island University Sharks reacts during the second half against the Arizona Wildcats in the first round of the 2026 NCAA Men's Basketball Tournament at Viejas Arena at San Diego…
SAN FRANCISCO - A US federal jury has found Elon Musk liable for claims he defrauded Twitter shareholders by trying to drive down the social media company’s stock price so he could renegotiate or back out of a $44-billion takeover in 2022.
A US federal jury found Elon Musk liable on Friday for claims he defrauded Twitter shareholders by trying to drive down the social media company’s stock price so he could renegotiate or back out of a $44 billion takeover in 2022.
Tech multi-billionaire Elon Musk could be forced to pay billions of dollars in damages after a federal jury found that the world's richest man had misled Twitter shareholders while purchasing the social media platform. Musk was found to…
SAN FRANCISCO -- A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion. But it…
Minutes after the judgment was announced, the entrepreneur's lawyers said that their client would appeal the decision, characterizing it as a "setback."
The Tesla billionaire was found liable for misleading statements he made in 2022 when he acquired Twitter. Damages could rise to $2.5 billion, but Musk plans to appeal the verdict.