Jury Finds Elon Musk Misled Twitter Investors, Faces Billions in Damages

• A federal jury in California found Elon Musk liable for misleading Twitter shareholders in 2022.
• Musk faces potential damages of up to $2.6 billion for statements that drove down Twitter’s stock price.
• The class-action lawsuit alleged Musk violated securities rules by influencing investors to sell shares at lower prices.
• The jury determined Musk misled investors through two tweets, but not through podcast remarks or a broader scheme to defraud.
• Musk’s public remarks and social media posts, including claims about fake accounts and a 'temporarily on hold' acquisition, were central to the case.