Latest news and articles about twitter from NEX English
A jury has concluded that Elon Musk misled Twitter investors through tweets posted during the acquisition process. The $44 billion deal may now be subject to legal implications affecting investor claims.
The jury found that Elon Musk misled Twitter investors while trying to withdraw from the acquisition deal. This came after Musk tweeted that Twitter had a large number of bots, which he used as a justification to back out of his purchase commitment.
A jury determined that two tweets posted by Tesla CEO Elon Musk in May 2022 contained false statements that caused a drop in Twitter's stock price. The damages are estimated to be around $2.6 billion (approximately €2.2 billion).