Today: 21 March 2026
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LSE:IDOX 7 February 2026 - 9 February 2026

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  • Jury Holds Elon Musk Responsible for Twitter Stock Drop During 2022 Buyout
    March 20, 2026, 10:30 PM EDT. A California jury ruled Elon Musk responsible for the decline in Twitter's stock price during his 2022 bid to acquire the company for $44 billion. Musk was found to have publicly disparaged Twitter, alleging bot issues to pressure the stock price lower and negotiate a better deal. While Musk denies wrongdoing, his comments led to significant market impact, including a sharp 20% drop after he paused the purchase. Jurors confirmed two of four fraud claims but rejected a charge of a defrauding scheme. Musk's legal team plans to appeal. The ruling could force Musk to pay potentially billions of dollars to affected investors, marking a rare legal setback for the billionaire, whose net worth stands at $661 billion.
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