Tuesday, June 30, 2026
Business

Jury finds Elon Musk misled investors during Twitter purchase

A jury has found Elon Musk liable for misleading 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. But it absolved him of some fraud allegations.

Jury finds Elon Musk misled investors during Twitter purchase
Image: NPR Business

A jury has found Elon Musk liable for misleading 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. But it absolved him of some fraud allegations.

(Image credit: Dan Hernandez/San Francisco Chronicle)

Originally published at NPR Business

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