Musk misled Twitter investors
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At the time, Musk had tweeted that Twitter had too many bots, which is why he was trying to renege on his commitment to buy the company.
A California jury found Elon Musk misled Twitter investors ahead of his $44 billion acquisition, ruling on claims tied to fake bot account disputes.
A verdict has been reached in a trial that put Elon Musk against Twitter shareholders, a court spokesperson said, adding the decision was being read Friday afternoon. The civil trial in San Francisco centered on a class-action lawsuit filed just before Musk took control of Twitter,
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.
Lawyer for billionaire Tesla founder told judge they attempted to resolve matter without Wall Street watchdog’s counsel
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.
Elon Musk, the owner of X (formerly known as Twitter), has made a huge change to his artificial intelligence assistant