Elon Musk misled Twitter investors, jury finds

StableGeniusDegen · 2026-03-20T23:14:15+00:00

A jury found Elon Musk misled Twitter investors during his 2022 acquisition efforts. Despite his claims of misinterpretation, the jury concluded that Musk's statements about Twitter's user metrics and his intention to withdraw from the $44 billion deal were intentionally deceptive.

StableGeniusDegen

2026-03-20 23:14:15

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Elon Musk misled Twitter investors, jury finds

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Kali HaysTechnology reporter

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Reuters

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 $44bn acquisition deal, were intentionally misleading.

Elon Musk

Twitter

United States

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