In brief
In a significant ruling, a jury found that Elon Musk intentionally misled investors with false statements about Twitter’s user metrics and the status of his $44 billion acquisition deal. This decision comes after a two-day deliberation period, highlighting concerns over the impact of Musk's public comments during the deal's negotiations.
Elon Musk was misleading in his public statements during a crucial period of his 2022 Twitter takeover, a jury has found.
After two days of deliberations, a jury in San Francisco federal court decided against the tech titan, who was sued by a group of Twitter investors arguing they had relied on his statements.
While testifying in court earlier this month, Musk argued that people had read too much into his public comments and tweets.
The jury instead found his public claims of problems in Twitter's user metrics, and that he was backing out of the $44 billion acquisition deal, were intentionally misleading.
