Mastodawn

A San Francisco jury found Elon Musk liable for two misleading tweets during the 2022 Twitter takeover, though rejected broader fraud claims. Damages could exceed $2 billion across the five-month class period. Musk's "deal temporarily on hold" tweet sent shares down 9.6% in one day. His first major courtroom loss after years of legal victories.

#SecuritiesFraud #TwitterTakeover #TechAccountability

https://www.implicator.ai/elon-musk-misled-twitter-investors-before-44-billion-buyout-san-francisco-jury-finds/

Musk Loses Twitter Fraud Trial, Jury Rejects Scheme Claim

Elon Musk lost a securities fraud trial in San Francisco on Friday, his first major courtroom defeat in years. A jury found two tweets misled Twitter investors but rejected the broader scheme-to-defraud claim. Damages could exceed $2 billion. His own two-word testimony may have sealed it.

Implicator.ai

Marcus Schuler Mar 5

Musk testified in San Francisco federal court that his 2022 tweets questioning the Twitter deal reflected "honest frustration," not market manipulation. He conceded he "may have" used a rope-a-dope strategy during negotiations. Twitter stock dropped up to 20% after his "deal on hold" tweet. Trial continues through March 19 with potential $1B damages at stake.

#ElonMusk #TwitterTakeover #MarketManipulation

https://www.implicator.ai/elon-musk-testifies-in-44-billion-twitter-trial-denies-scheme-to-tank-stock-price/

Elon Musk Testifies in $44 Billion Twitter Trial, Denies Scheme to Tank Stock Price

Elon Musk told jurors his 2022 tweets about Twitter were honest frustration, not market manipulation. A loss could cost him close to $1 billion.

Implicator.ai

techi Oct 9

Elon Musk’s X Corp settles a $128M severance lawsuit with former Twitter executives, closing a key chapter in the ongoing fallout from his 2022 takeover.

#ElonMusk #XCorp #TwitterTakeover #ParagAgrawal #TechNews #TECHi

Read Full Article Here :- https://www.techi.com/elon-musk-x-settles-128-million-lawsuit-twitter-executives/

Nadège Joly Feb 6, 2025

Recommencer ici, comme un lendemain de #TwitterTakeOver 🙃

#GoReadMyFirstPost

Chris Feb 5, 2025

The Twitter takeover showed us what we’re all dealing with now, and it’s a clear sign that we shouldn’t let any single person accumulate too much wealth. When they get too rich, they lose touch with reality and become a burden on everyone around them.

#TwitterTakeover #WealthInequality #LossOfReality

Creebhills Jan 15, 2025

Elon Musk sued over Twitter takeover: The United States Securities and Exchange Commission (SEC) announced on Tuesday its intention to initiate legal action against technology magnate Elon Musk, asserting that he did not promptly disclose his acquisition of over 5 percent of Twitter shares prior to his takeover of the company in 2022. The SEC claims that Musk commenced purchasing Twitter […] https://creebhills.com/2025/01/elon-musk-sued-over-twitter-takeover?utm_source=dlvr.it&utm_medium=mastodon #ElonMusk #TwitterTakeover #SEC #Lawsuit #Technology

Elon Musk sued over Twitter takeover

The United States Securities and Exchange Commission (SEC) announced on Tuesday its intention to initiate legal action against technology magnate Elon Musk,

CreebHills

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