Musk Found Liable for Twitter Stock Fraud
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Elon Musk found liable for defrauding Twitter shareholders in 2022, as a federal jury rules he attempted to manipulate stock prices to renegotiate or abandon his $44 billion buyout. Shareholders who sold stock at lower prices between May and October 2022 are seeking damages, with Musks lawyers yet to comment. The verdict comes amidst ongoing SEC probes into Musks handling of early Twitter stock buys, keeping the spotlight on his business moves as X pushes forward.
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