Musk misled Twitter investors
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A California jury found Elon Musk misled Twitter investors ahead of his $44 billion acquisition, ruling on claims tied to fake bot account disputes.
Closing arguments are set to kick off Tuesday in a trial pitting Elon Musk against Twitter shareholders who say the world’s richest man engaged in a pattern of deceptive behavior that misled investors as he attempted to back out of his $44 billion deal to buy the social media platform in 2022.
Indiatimes on MSN
Elon Musk's criticism of Twitter's bots sparks court debate
A court debates Elon Musk's comments on Twitter's bots, evaluating their impact on stock prices and investor decisions during the acquisition period.
On Tuesday, A lawyer for former Twitter investors told a San Francisco federal jury that Elon Musk deliberately undermined the company in 2022 by publicly casting doubt on the number of fake accounts on the platform.