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

submitted 21 hours ago* (last edited 21 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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[–] frongt@lemmy.zip 32 points 20 hours ago (1 children)

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

[–] org@lemmy.org 4 points 19 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