A jury found that Elon Musk misled Twitter investors while attempting to back out of his $44 billion acquisition of the company. The ruling centers on Musk's public statements about Twitter's bot problem being used as justification to abandon the deal. This legal decision adds another layer to the contentious acquisition saga that dominated tech news in 2022.
Background
Elon Musk's $44 billion acquisition of Twitter in 2022 was marked by dramatic twists, including Musk attempting to withdraw from the deal citing concerns about fake accounts. The acquisition was eventually completed after legal battles.
- Source
- TechCrunch
- Published
- Mar 21, 2026 at 07:29 AM
- Score
- 5.0 / 10