Musk Found Liable for Misleading Twitter Investors

0:00Stay informed on the world in two minutes or less with global news today. A federal jury in San Francisco has ruled that Elon Musk made misleading public statements during his 2022 Twitter acquisition push. After two days of deliberations, they sided with a group of investors who sued him over those comments. The case centered on Musk's tweets and remarks questioning Twitter's user numbers and hinting he might walk away from the $44 billion deal. Others said they acted on those statements, leading to their financial losses. Musk took the stand earlier this month, insisting folks had blown his words out of proportion. He downplayed the impact of his online posts amid the deal's chaos. The jury zeroed in on Musk's specific claims about fake users on the platform and his threats to abandon the purchase, calling them intentionally, deceptive. With this decision, the long Twitter saga sees another twist, reminding everyone how social media chatter can spark real court room battles and big business moves.