Musk Likely To Owe Billions For Misleading Investors Re Twitter Purchase

A jury on Friday found Elon Musk misled investors by deliberately driving down Twitter’s stock price before he acquired the social media company.

Twitter shareholders sued Musk in 2022, accusing him of having lowered the value of their investments with tweets designed to force the company to renegotiate his $44 billion offer of purchase. Musk had tweeted that the site was full of fake accounts and that the deal was “temporarily on hold,” The New York Times reported. “Those posts prompted...