Elon Musk misled Twitter investors, jury finds
Summary
Elon Musk misled Twitter investors, jury finds 18 minutes ago Share Save Kali Hays Technology reporter Share Save 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 misled Twitter investors, jury finds 18 minutes ago Share Save Kali Hays Technology reporter Share Save 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.
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Elon Musk misled Twitter investors, jury finds
18 minutes ago
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Kali Hays
Technology 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
United States
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This article covers twitter, musk, jury topics. Readability: Flesch-Kincaid grade 0.0. Word count: 126.
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