Jury links Musk's tweets to investor losses in Twitter deal
TL;DR Summary
A California jury found Elon Musk’s tweets about Twitter’s user metrics were materially false or misleading and contributed to investor losses during his $44 billion Twitter deal; no fraud scheme was proven, but damages could reach up to $2.6 billion, and plaintiffs plan to appeal.
- Jury finds Elon Musk’s ‘stupid tweets’ caused Twitter investors’ losses The Verge
- Elon Musk misled Twitter investors ahead of $44 billion acquisition, jury says CNBC
- Elon Musk misled Twitter investors, jury finds BBC
- Musk found liable to Twitter shareholders in fraud lawsuit over $44 billion takeover Reuters
- Elon Musk misled Twitter investors ahead of acquisition, jury says Fox Business
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