Elon Musk misled Twitter investors, jury finds

A San Francisco jury concludes Musk’s claims in 2022 were damaging to a group of Twitter investors.

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After two days of deliberations, a jury in San Francisco federal court decided in a unanimous verdict against the tech titan, who was sued by a group of Twitter investors arguing they had relied on his statements.

While testifying in court earlier this month, Musk argued that he did not mislead investors and that people simply read too much into his public comments and tweets.

The jury instead found that certain of his public claims of problems in Twitter's user metrics, and that he was possibly backing out of the $44bn acquisition deal, were intentionally misleading.

Lawyers for Musk did not respond to a request for comment. Nor did lawyers for the investors, led by Brian Belgrave, a small-business owner from Oregon.