Tech »  Topic »  Elon Musk misled investors during his Twitter takeover, jury finds

Elon Musk misled investors during his Twitter takeover, jury finds


FILE PHOTO: Elon Musk attends the U.S.-Saudi Investment Forum in Washington, D.C., U.S., November 19, 2025. REUTERS/Evelyn Hockstein/File Photo (Reuters / Reuters)

FILE PHOTO: Elon Musk attends the U.S.-Saudi Investment Forum in Washington, D.C., U.S., November 19, 2025. REUTERS/Evelyn Hockstein/File Photo (Reuters / Reuters)

A group of former Twitter investors have prevailed at a federal civil trial over Elon Musk's actions amid his $44 billion acquisition of the social platform in 2022. A jury in San Francisco found Friday that tweets made by Musk about fake accounts on the platform had defrauded investors in the company. The jury sided with Musk on other allegations in the case.

It's not yet clear how much Musk will owe in damages as a result of the case but, as the Associated Press reports, it could amount to billions of dollars. Jurors ...


Copyright of this story solely belongs to Engadget . To see the full text click HERE