$44 bn acquisition: US jury finds Musk ‘misled’ Twitter shareholders in 2022

A federal jury found Elon Musk liable for defrauding Twitter investors in 2022 by disparaging the company to secure a lower purchase price. Jurors concluded Musk intentionally misled shareholders through two tweets, including one stating the deal was “temporarily on hold,” but absolved him of a broader scheme to defraud.