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Musk misled Twitter investors, jury says
Hindustan Times Rajasthan
|March 22, 2026
SAN FRANCISCO: Elon Musk defrauded Twitter investors when he disparaged the company in 2022 in an effort to buy the social media platform for a lower price than his original $44 billion bid, a jury concluded.
Jurors in federal court in San Francisco found on Friday that Musk intentionally misled Twitter shareholders when he tweeted that the social network —now called X— had too many fake accounts and tried to back out of the deal.
The jury rejected two of the four fraud claims. Musk’s lawyers vowed an appeal.
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FLERE HISTORIER FRA Hindustan Times Rajasthan
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