In brief
In a significant legal ruling, a jury determined that Elon Musk's public statements during the 2022 takeover of Twitter were misleading, impacting investors' decisions. This verdict comes after claims that he exaggerated issues with Twitter's user metrics and his intentions regarding a $44 billion acquisition deal.
Elon Musk was misleading in his public statements during a crucial period of his 2022 Twitter takeover, a jury has found. After two days of deliberations, a jury in San Francisco federal court decided against the tech titan, who was sued by a group of Twitter investors arguing they had relied on his statements.While testifying in court earlier this month, Musk argued that people had read too much into his public comments and tweets. The jury instead found his public claims of problems in Twitter's user metrics, and that he was backing out of the $44 billion acquisition deal, were intentionally misleading.
