Twitter trial accusing Musk of driving down stock set for closing arguments

A civil trial accusing Elon Musk of driving down Twitter's stock price is heading into closing arguments. The class-action lawsuit was filed just before Musk acquired the platform in 2022, which he subsequently renamed X. Shareholders claim Musk's public statements and actions—including his stated intent to take the company private at a lower price—artificially depressed the stock ahead of the takeover. The trial's outcome could affect whether Musk faces financial liability for alleged market manipulation during the acquisition period. Closing arguments mark the final phase before a verdict in one of the major legal challenges stemming from Musk's controversial takeover of the social media giant.