nbc-news 2 months ago
public broadcaster #Technology

Jury Finds Elon Musk Liable for Misleading Investors Ahead of Twitter Acquisition

A jury in California has found billionaire Elon Musk liable for misleading investors ahead of his $44 billion acquisition of Twitter, which he later renamed X.

Jurors were asked to decide if two tweets and comments Musk made on a podcast in May 2022 amounted to him intentionally defrauding Twitter shareholders, who sold their shares based on Musk’s statements.

NBC News
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