Jury finds Elon Musk liable for misleading investors during Twitter purchase

March 21, 2026

TL;DR

Elon Musk was found liable for misleading investors regarding Twitter's stock price.
The liability stems from two tweets made before his acquisition of Twitter.
Musk was absolved of some fraud allegations, including intentionally "scheming" to mislead investors.
The jury deliberated for three days after a nearly three-week trial.
The financial damages for thousands of shareholders are expected to be in the billions.
A significant portion of the trial focused on Musk's claims about the number of bots on Twitter.
Musk had attempted to withdraw from the deal, citing Twitter's alleged misrepresentation of bot numbers.
Twitter had sued Musk to force the completion of the deal, but he eventually agreed to the original terms.

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