💨 Abstract

A California jury found that Elon Musk misled Twitter shareholders with false tweets in May 2022, causing the company's share price to drop. The verdict in a class-action lawsuit could result in billions in damages. Musk's lawyers plan to appeal. The case alleged Musk manipulated Twitter's stock price to renegotiate the purchase price or exit the deal. Despite this setback, Musk has a history of winning similar cases.

Courtesy: AFP