Elon Musk misled Twitter investors, jury finds

A San Francisco jury found that Elon Musk misled Twitter investors with false statements made in 2022, when he was negotiating to acquire the social media platform. The investors, who held shares before Musk's takeover, sued claiming his public comments about the deal damaged their holdings. The verdict establishes legal liability for Musk's statements during the contentious acquisition period, which ultimately closed in October 2022 at $44 billion. The ruling could expose Musk to damages and sets a precedent for holding executives accountable for statements made during major corporate transactions. The case highlights the financial stakes when a high-profile figure's public pronouncements diverge from private actions during a major deal.