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345

Elon Musk to Owe Estimated $2.1 Billion After Jury Finds He Misled Twitter Investors Before 2022 Buyout (text.npr.org)

submitted 17 hours ago* (last edited 17 hours ago) by Beep@lemmus.org to c/technology@lemmy.world

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A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion. But it absolved him of some fraud allegations, finding that he did not "scheme" to mislead investors.

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[–] Mulligrubs@lemmy.world 52 points 17 hours ago (1 children)

So that's like me paying a $20 fine. GOOD JOB

[–] frongt@lemmy.zip 29 points 16 hours ago (1 children)

Except he almost certainly won't be paying anywhere near that amount, if anything.

[–] org@lemmy.org 3 points 16 hours ago

Right, he’s just not gonna pay. It’s not like they’re gonna go get the money from his bank account. Can you imagine Elon Musk being garnished? Never gonna happen