A jury found Elon Musk liable for defrauding investors by deliberately driving down Twitter’s stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion.
Breakdown
- Jury found Musk liable for misleading investors pre-Twitter acquisition
- Musk's tweets about the deal being 'on hold' were central to the case 32s
- Jury awarded investors $3–$8 per share per day in compensation 1m 16s
- Compensation may apply to anyone trading Twitter stock during 2022 talks 1m 49s
- Musk's legal team has not responded; an appeal is expected 1m 56s