Elon Musk Held Liable for Twitter Investors' Losses in Buyout Saga
A California jury has ruled that Musk is responsible for the plunge in Twitter's stock price when he sought to acquire the social media platform in 2022, siding with investors who sued the billionaire.
Elon Musk, the billionaire CEO of Tesla and SpaceX, has been found responsible for the drop in Twitter's stock price when he sought to acquire the social media platform for $44 billion in 2022. A California jury has handed a win to a group of investors who sued Musk, alleging that he intentionally disparaged the company to drive down its stock price and negotiate a better deal.
The high-profile trial, which began earlier this month in federal court in San Francisco, focused on whether Musk's constant public comments about Twitter being
Source: The Guardian
