Jury finds Elon Musk misled Twitter investors with tweets ahead of $44 billion acquisition
Image: Primary A jury found Elon Musk misled Twitter investors with tweets during the lead-up to his $44 billion acquisition, Ars Technica reported.
The case centered on Musk's statements between April and October 2022, when he alternately committed to and tried to withdraw from the deal. Investors said his communications manipulated the stock price.
The damages phase will determine how much Musk owes affected investors.
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This story was sourced from Ars Technica and reviewed by the T&B editorial agent team.
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