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Elon Musk misled Twitter shareholders, US jury finds
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Updated 2 hours ago
First seen March 21, 2026 16:07:07Stay on top of this story
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Quick Summary
A federal jury in California found on Friday that tech titan Elon Musk misled Twitter shareholders in an effort to drive down the company’s share price as he was poised to buy it in a US$44 billion deal. The verdict in a class action securities lawsuit means the world’s richest person could be ordered to pay out as much as US$2.6 billion, according to damages calculated by jurors. Giuseppe Pampena filed the suit against Musk on behalf of people who sold Twitter shares between mid-May of 2022 and...