US jury finds Elon Musk misled investors during Twitter purchase
A US federal jury in California found Elon Musk liable for misleading Twitter shareholders in May 2022, causing a drop in the company's stock price.
The story so far
- Mar 20
- Mar 21
How outlets cover it
4 outletsNot rated on the left–right scale. It describes Western party politics and doesn’t fit state media or outlets outside that system, so we show ownership and country instead.
Open questions and key claims
"If you move the market with your words, you own the consequences."
“We are thrilled with the jury’s decision today,”
Lawyers for Musk said their client will appeal the decision.
A lawyer for the plaintiffs estimated the damages at about $2.6bn.
Musk tweeted the acquisition deal was temporarily on hold until Twitter proved the percentage of 'bots'.
A federal jury in California found that Elon Musk misled Twitter shareholders.
A federal jury found Elon Musk misled Twitter shareholders.
Musk could be ordered to pay up to US$2.6 billion.
Who and where
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- Mar 20 – Mar 21◆ This story