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 $44bn acquisition deal, were intentionally misleading.
Elon Musk Found Misleading Twitter Investors in Court Ruling
Elon Musk Found Misleading Twitter Investors in Court Ruling
A jury verdict reveals Elon Musk's statements during his Twitter acquisition were misleading, impacting investor confidence.
In a notable court case, a jury in San Francisco found Elon Musk had misled investors regarding Twitter's user metrics during his attempted $44 billion acquisition of the platform. The jury concluded that Musk's public statements were not merely exaggerated, but intentionally misleading, despite his argument that listeners misconstrued his comments.
