Elon Musk misled Twitter investors ahead of acquisition, jury says
A California jury on Friday concluded that Elon Musk misled Twitter investors ahead of his $44 billion acquisition of the social media giant in 2022.
The verdict from a jury in San Francisco federal court came in a closely watched trial in which Musk was accused of falsely claiming that Twitter underreported how many fake and spam accounts, known as bots, were on its platform.
Musk ultimately completed his purchase of Twitter in October 2022 and renamed it X. He has since folded it...