Musk's Twitter Trial: Shareholders Accuse Him of Deception
Oakland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Closing arguments commence in a San Francisco trial where Elon Musk faces Twitter shareholders over allegations of misleading investors to evade a $44 billion deal to buy the platform. The case revolves around claims of deceptive statements about fake accounts and bots, as Musk attempted to withdraw from the deal. Twitters former CFO, Ned Segal, testified that bots made up only one percent of users, contrary to Musks claims of at least twenty percent. The trial is set to conclude with jury instructions reviewed, emphasizing a fair trial without prejudice.
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