$44 billion acquisition: Elon Musk 'misled' Twitter shareholders in 2022, says US jury

Mar 21, 2026 - 06:00
$44 billion acquisition: Elon Musk 'misled' Twitter shareholders in 2022, says US jury

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A federal jury found Elon Musk liable for defrauding Twitter investors in 2022 by disparaging the company to secure a lower purchase price. Jurors concluded Musk intentionally misled shareholders through two tweets, including one stating the deal was "temporarily on hold," but absolved him of a broader scheme to defraud.

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