Musk misled investors on Twitter acquisition, jury finds

A California jury has ruled that Elon Musk intentionally misled Twitter investors while attempting to withdraw from his $44 billion acquisition of the platform in 2022. Musk had cited concerns over bot accounts as his reason for backing out, a claim that led to a 8% decline in Twitter's stock price after a related tweet. Investors who sold shares during the period of uncertainty sued Musk, arguing he deliberately created doubt to lower the stock price. While Musk's defense claimed he had genuine concerns, the jury sided with the investors. Damages could potentially reach $2.6 billion, though this is a relatively small sum compared to Musk's overall net worth.