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 Misled Twitter Investors in 2022, Jury Rules
Elon Musk Misled Twitter Investors in 2022, Jury Rules
A jury in San Francisco has found Elon Musk to be misleading in his statements during the takeover of Twitter, ruling in favor of the investors who sued him over his public comments regarding the platform's user metrics.
In a significant ruling affecting tech mogul Elon Musk, a federal jury in San Francisco determined that Musk misled Twitter investors during his 2022 acquisition process. The jury's decision, reached after two days of deliberation, highlighted Musk's public claims about Twitter's user metrics and the acquisition deal as intentionally deceptive. While Musk defended his remarks, asserting that they were misinterpreted, the jury sided with the investors who argued they relied on his statements.
