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US Jury Finds Elon Musk Misled Twitter Shareholders, Causing Investor Losses

A California jury has found Elon Musk responsible for some Twitter investor losses, concluding he misled them with critical tweets during his 2022 takeover bid and tried to drive down the share price to renegotiate his $44 billion offer, specifically finding he misled shareholders regarding the number of bots on Twitter.

20 Mar, 21:55 — 22 Mar, 00:13
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The Story

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Spectrum spread4/5 buckets covered25/33
Far L4
Far Left (4)
The GuardianNYTCNNThe Independent
Left6
Left (6)
DWpublicohvgthe-journalcnbcNPR
Center6
Center (6)
orflsm-lvdigi24AP20-minutennos
Right3
Right (3)
national-postdie-pressegraphic-ghana
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Geographic diversity13 regions34/34
US5Austria2UK2Germany1Latvia1Canada1Portugal1Ghana1Hungary1Ireland1Romania1Switzerland1Netherlands1

Sources

Showing 11 of 19 sources
APVery High78d ago

Jury finds Elon Musk misled investors during Twitter purchase, absolves him of some fraud claims - AP News

Jury finds Elon Musk misled investors during Twitter purchase, absolves him of some fraud claims  AP News

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NYTMostly Factual78d ago

Elon Musk Is Responsible for Some Twitter Investor Losses, Jury Finds

The verdict was a rare loss for Mr. Musk, who investors claimed had tried to drive down the share price of the social media company, now called X, to renegotiate his $44 billion offer.

By Kate Conger and Natallie Rocha

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The GuardianMostly Factual78d ago

Musk responsible for Twitter investors’ stock dropping when he bought company, jury rules

California jurors hand win to investors who sued billionaire saying he publicly disparaged social media platform in 2022

By Dara Kerr

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NPRHigh78d ago

Jury finds Elon Musk misled investors during Twitter purchase

A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion. But it absolved him of some fraud allegations.

By The Associated Press

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CNNMostly Factual78d ago

Elon Musk misled Twitter shareholders ahead of acquisition in 2022, jury finds - CNN

Elon Musk misled Twitter shareholders ahead of acquisition in 2022, jury finds  CNN

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cnbcMostly Factual78d ago

Elon Musk misled Twitter investors ahead of $44 billion acquisition, jury says

Elon Musk was sued in late 2022 after completing his acquisition of Twitter, which he later renamed X.

Read full article →
DWHigh77d ago

Elon Musk misled Twitter shareholders, US jury finds

The closely watched civil trial focused on billionaire Elon Musk’s claims about the number of bots on Twitter.

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The IndependentMostly Factual78d ago

Elon Musk found liable for misleading investors during purchase of Twitter

The nine-person jury returned the verdict after three days of deliberation

By Barbara Ortutay

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national-postMostly Factual77d ago

Musk misled Twitter investors before 2022 buyout, jury says

Jurors found Musk intentionally misled Twitter shareholders when he tweeted that the social network had too many fake accounts

By Bloomberg News

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the-journal77d ago

Elon Musk expected to pay out billions as jury finds he misled Twitter investors in takeover

Musk was absolved of some fraud allegations by the jury.

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graphic-ghanaMixed77d ago

Elon Musk misled Twitter investors, jury finds - Graphic Online

Elon Musk misled Twitter investors, jury finds  Graphic Online

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Coverage Timeline

First report: The Independent · 20 Mar, 21:55Full coverage: 19 · 1d 2hWindow: 1d 2h
Left-leaningCenterRight-leaning
The Independent20 Mar, 21:55First to report

Elon Musk found liable for misleading investors during purchase of Twitter

NPR20 Mar, 22:30

Jury finds Elon Musk misled investors during Twitter purchase

CNN20 Mar, 22:36

Elon Musk misled Twitter shareholders ahead of acquisition in 2022, jury finds - CNN

NYT20 Mar, 23:16

Elon Musk Is Responsible for Some Twitter Investor Losses, Jury Finds

2h later
The Guardian21 Mar, 00:54

Musk responsible for Twitter investors’ stock dropping when he bought company, jury rules

cnbc21 Mar, 01:00

Elon Musk misled Twitter investors ahead of $44 billion acquisition, jury says

nos21 Mar, 01:02

Musk misleidde aandeelhouders Twitter met tweets rond overname

2h later
20-minuten21 Mar, 02:36

Geschworene: Musk schädigte Twitter-Aktionäre bewusst

AP21 Mar, 03:09

Jury finds Elon Musk misled investors during Twitter purchase, absolves him of some fraud claims - AP News

5h later
digi2421 Mar, 07:42

Elon Musk a indus în eroare investitorii Twitter: decizia unui juriu din San Francisco și implicațiile sale

1h later
the-journal21 Mar, 08:43

Elon Musk expected to pay out billions as jury finds he misled Twitter investors in takeover

hvg21 Mar, 08:47

„Ez egy fontos győzelem” – szövetségi esküdtszék szerint Elon Musk miatt jártak rosszul Twitter-részvényesei

graphic-ghana21 Mar, 09:07

Elon Musk misled Twitter investors, jury finds - Graphic Online

4h later
die-presse21 Mar, 13:26

US-Jury macht Musk für Betrug an Twitter-Aktionären haftbar

publico21 Mar, 14:05

Musk considerado responsável perante accionistas do Twitter em processo por fraude

national-post21 Mar, 14:37

Musk misled Twitter investors before 2022 buyout, jury says

1h later
lsm-lv21 Mar, 16:01

Zvērināto tiesa: Masks maldinājis «Twitter» akcionārus uzņēmuma akciju cenu mazināšanai

1h later
orf21 Mar, 17:29

US-Jury: Musk hat Aktionäre vor Twitter-Kauf getäuscht

7h later
DW22 Mar, 00:13Latest update

Elon Musk misled Twitter shareholders, US jury finds