this post was submitted on 21 Mar 2026
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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 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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[–] halcyoncmdr@piefed.social 17 points 12 hours ago (2 children)

He made $400B, not Twitter. That's almost entirely from Tesla and other ventures, not Twitter.

Last I've been able to find Twitter was valued at $33B when xAI bought it.

And that's just raw valuation which is easily manipulated, not revenue or profit, which can be easily manipulated.

[–] LedgeDrop@lemmy.zip 3 points 12 hours ago

Ahh, okay. I understand. Thank you for the clarification.

[–] HeyThisIsntTheYMCA@lemmy.world 2 points 11 hours ago

that is the worst chart