@moneytalksdesk: A jury has ruled that Elon Musk misled investors during his 2022 Twitter acquisition, while rejecting broader fraud claims. The case centered on Musk’s public statements, including his tweet saying the $44 billion deal was “temporarily on hold” over concerns about spam accounts. Jurors concluded that two of those statements misled investors and influenced Twitter’s share price. However, the jury did not find that Musk carried out a wider scheme to defraud shareholders. Potential damages could exceed $2.5 billion, though the final amount has not been determined and Musk’s legal team is expected to appeal. Should executives face tougher rules for market moving social media posts? Follow for more content like this! @growmoneyceo 𝘔𝘦𝘥𝘪𝘢 𝘤𝘰𝘶𝘳𝘵𝘦𝘴𝘺 𝘰𝘧 red LambeA jury has ruled that Elon Musk misled investors during his 2022 Twitter acquisition, while rejecting broader fraud claims. The case centered on Musk’s public statements, including his tweet saying the $44 billion deal was “temporarily on hold” over concerns about spam accounts. Jurors concluded that two of those statements misled investors and influenced Twitter’s share price. However, the jury did not find that Musk carried out a wider scheme to defraud shareholders. Potential damages could exceed $2.5 billion, though the final amount has not been determined and Musk’s legal team is expected to appeal. Should executives face tougher rules for market moving social media posts? Follow for more content like this! @moneytalksdesk 𝘔𝘦𝘥𝘪𝘢 𝘤𝘰𝘶𝘳𝘵𝘦𝘴𝘺 𝘰𝘧 red Lambert rt #elonmusk #twitter #investing #creatorsearchinsights #financenews

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Saturday 29 August 2026 03:46:38 GMT