Musk owes Twitter investors damages for tweets

A jury has determined that Elon Musk misled Twitter investors through his public statements, which allegedly depressed the stock price before his acquisition. This class-action lawsuit could result in Musk paying billions in damages to a wide range of investors. The jury found Musk liable for statements made on Twitter and a podcast that fueled fears about the deal's completion and lowered share prices. While the jury rejected claims of a larger scheme, the potential damages, as estimated by plaintiffs' lawyers, could reach up to $2.6 billion.