Elon Musk to Owe Billions After Jury Finds He Misled Twitter Investors Before Takeover | KQEDhttps://www.kqed.org/news/12077222/elon-musk-to-owe-billions-after-jury-finds-he-misled-twitter-investors-before-takeover

[mamabearcathy@mindly.social]

Elon Musk to Owe Billions After Jury Finds He Misled Twitter Investors Before Takeover | KQED
https://www.kqed.org/news/12077222/elon-musk-to-owe-billions-after-jury-finds-he-misled-twitter-investors-before-takeover

Elon Musk has been found liable for attempting to drive down Twitter’s stock price ahead of his $44 billion takeover of the company four years ago, a federal jury in San Francisco decided Friday.

Attorneys said the world’s wealthiest person will owe an estimated $2.1 billion in damages to former shareholders in the company, who say they lost out on earnings when they sold their stocks at deflated prices amid Musk’s public waffling over his 2022 acquisition deal.