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Fox News

Twitter case accusing Musk of driving down stock goes to jury

Fox News · 15 days ago
Fox News
Fox News
15 days ago

Closing arguments concluded Tuesday in a trial pitting Elon Musk against Twitter shareholders who say the world’s richest man engaged in a pattern of deceptive behavior that misled investors as he attempted to back out of his $44 billion deal to buy the social media platform in 2022.

Breakdown
  • Jury now deliberates if Musk deliberately drove down Twitter's stock price
  • Plaintiffs claim Musk's bot comments caused stockholder losses 28s
  • Defense argues Musk believed bot numbers were underreported 57s
  • Defense says no evidence of fraud or intent to lower stock price 1m 2s
  • Jury of five men and three women will decide the case's outcome 1m 16s
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