️ Musk found liable for misleading investors during Twitter deal

A jury ruled that Elon Musk misled investors with tweets in 2022 claiming Twitter had too many fake accounts. The statements were seen as an attempt to push the price down during the acquisition process.

Regulators calculated how the tweets affected the stock price over roughly five months. Compensation will be set later after investor claims.

The potential damages are estimated in the hundreds of millions or billions of dollars.

The case ties social media statements directly to market impact.

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