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Musk Found Liable for Twitter Fraud

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Musk Found Liable for Twitter Fraud

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Musk Found Liable for Twitter Fraud

US News Today | 2 Min News | The Daily News Now!

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US News Today | 2 Min News | The Daily News Now!Musk Found Liable for Twitter Fraud. Machine-transcribed; use the interactive transcript above to jump the player to any line.

On March 20, a jury in San Francisco federal court ruled that Elon Musk defrauded Twitter investors back in 2022. Musk tweeted that the platform had weighed too many fake accounts, which jurors said was a deliberate move to knock down his original $44 billion. Dollar by out offer, investors sued, arguing those posts misled them during the deal process, and the case wrapped up with the verdict on Friday. Musk had agreed to the purchase, but later tried to walk away, sparking the legal fight over his public comments. This ruling could lead to damages discussions or appeals, keeping the spotlight on the platform now known as X.

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