Jury finds Musk owes damages to Twitter investors for his tweets

https://arstechnica.com/tech-policy/2026/03/jury-agrees-that-musks-tweets-during-twitter-takeover-constituted-fraud/

On Friday, a jury in California determined that Elon Musk had misled investors in Twitter via public statements that depressed the price of the company’s stock ahead of Musk’s purchase of the service. Because this was a class action lawsuit, Musk is likely to owe damages to a huge range of investors—payments that may ultimately reach billions of dollars.