Elon Musk Twitter Trial Goes to Jury as Shareholders Say ‘On Hold’ Tweet Tanked Stock
Jurors in San Francisco are weighing accusations that Elon Musk misled former Twitter shareholders with his claim in 2022 that the buyout was “temporarily on hold,” while also questioning Twitter’s figures on fake or spam accounts—bots, as they’re known. After hearing closing arguments, the panel started deliberations on Tuesday but left for the day without reaching a decision. The stakes for Musk run high—damages could hit the billions, and the jury now weighs whether one of his most notorious market-moving tweets veered from tough deal talk into outright securities fraud, amounting to misleading investors. According to Bloomberg Law, the verdict requires jurors to consider not just Musk’s May 13 tweet, but also a later post and remarks on the “All-In” podcast. They’ll determine how much, if any, of Twitter’s stock decline up to Oct. 3, 2022, was artificially triggered.