Elon Musk Twitter Trial Goes to Jury as Shareholders Say ‘On Hold’ Tweet Tanked Stock
A San Francisco jury is deliberating whether Elon Musk defrauded former Twitter shareholders with 2022 statements about his $44 billion takeover and fake accounts. Jurors were dismissed Tuesday without a verdict and will return Wednesday. Plaintiffs allege Musk tried to drive Twitter’s stock down to secure a better deal; Musk denies wrongdoing, citing real concerns over bots. The class action covers investors who sold Twitter stock between May and October 2022.