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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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[–] 13igTyme@piefed.social 4 points 9 hours ago* (last edited 9 hours ago) (1 children)

I wasn't invested in Twitter, but when I heard he was trying to get out of it I bought some stock. I knew he couldn't get out of the deal because it doesn't work like that and he's a dumb ass.

My only regret was not buying more. Thanks for the money, idiot.

[–] Reverendender@sh.itjust.works 1 points 4 hours ago

Next time please also let me know I should do that