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Elon Musk Defrauded Twitter Investors Before Buyout: Jury
Posted
March 20, 2026
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March 20, 2026
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0:28Now PlayingA jury found that Elon Musk defrauded Twitter investors when he disparaged the company in 2022 in an effort to buy the social media platform for a lower price than his original $44 billion bid. #twitter #business #tech
The jury determined that Musk intentionally misled Twitter shareholders when he tweeted that the social network had too many fake accounts and tried to back out of the deal.
The amount of damages Musk must pay to individual investors will be determined at a later date and could total hundreds of millions or even billions of dollars.
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