avrota"I make stupid tweets" (his own courtroom concession) and legal accountability for market-moving statements by someone with this level of influence. The jury clearly rejected the idea that being casually provocative on social media absolves you of securities liability.
Jury determined Musk artificially depressed Twitter’s stock price by roughly $3 to $8 per share between May and October 2022
A federal jury found Elon Musk intentionally misled Twitter investors during his 2022 acquisition, artificially lowering stock prices by $3 to $8 per share. The lawsuit, Pampena v. Musk, centers on…