Jury Finds Musk Misled Twitter Investors in Landmark Takeover Case

A California federal jury ruled that Elon Musk misled Twitter shareholders with two May 2022 tweets during the $44 billion takeover, contributing to a drop in Twitter’s stock; the verdict could expose him to billions in damages (plaintiffs estimate about $2.6B), though he was cleared on some fraud claims; Musk plans to appeal; Twitter was acquired in 2022, later renamed X, and merged with his AI startup xAI and SpaceX.