SAN FRANCISCO — A jury has concluded Elon Musk defrauded Twitter investors when he disparaged the company in 2022 in an effort to buy the social media platform for a lower price than his original $44 billion bid, Bloomberg News reported on Friday.
Jurors in federal court in San Francisco found on Friday that Musk intentionally misled Twitter shareholders when he tweeted the social media network, which was later renamed X, had too many fake accounts and tried to back out of the deal, the report added.