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Jury: Elon Musk Misled Twitter Investors Before $44B Takeover, But No Fraud Scheme Found

A federal jury found Elon Musk made misleading tweets in 2022 that pushed down Twitter stock before his $44 billion takeover, though jurors did not find he ran a fraud scheme. Damages could be about $2.5 billion and appeals are likely.

3 min read Mar 21, 01:35 PM