Jury finds Elon Musk’s ‘stupid tweets’ caused Twitter investors’ losses
Airfind news item
By Jay Peters
Published on March 20, 2026.
A California jury has found that billionaire Elon Musk misled Twitter investors before making a $44 billion deal to buy the company in 2022. The jury cited two tweets from May 13th and May 27th, 2022 as materially false or misleading, causing some investors to sell shares in Twitter at values below the $54.20 per share bid. The damages could reach as high as $2.6 billion, according to attorneys representing the plaintiffs.
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