Jury finds Musk owes damages to Twitter investors for his tweets
On Friday, a jury in California determined that Elon Musk had misled investors in Twitter via public statements that depressed the price of the company's stock ahead of his ultimately successful purchase of it. Because it was a class action lawsuit, Musk is likely to be faced with paying out damages to a huge range of investors, payments that may ultimately reach billions of dollars.
In the lead up to Musk's ultimate purchase of the social media platform, he made a number of comments on...