(Photo: Reuters)SAN FRANCISCO - A ‌US federal jury has found Elon Musk liable for claims he defrauded Twitter shareholders by trying to drive down the social media company’s stock price so he could renegotiate or back out of a $44-billion takeover in 2022. Musk has often chosen to battle shareholders in court rather than settle. Musk tried to back out of the Twitter purchase, prompting the company to sue to force him to honour his original deal. Jurors ⁠also said the shareholders didn’t prove a separate claim that Musk engaged in a scheme to defraud them. The lawsuit covers investors ⁠who claimed to sell Twitter shares at prices Musk artificially depressed between May 13 and Oct 4, 2022.

Source: Bangkok Post March 21, 2026 14:43 UTC