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Friday, March 20, 2026

$44 billion acquisition: Elon Musk 'misled' Twitter shareholders in 2022, says US jury

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.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/K6qFvWg

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