Verdict, while not a complete loss, could still cost him billions.
Source
Ars Technica
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A California jury determined that Elon Musk misled Twitter investors before making a $44 billion deal to buy the company in 2022, reports CNBC. The New York Times reports that Musk had testified this month that he didn't believe his posts would spook markets, but he did say that "If this was a trial about whether I made stupid tweets, I would say I'm guilty." CNBC reports Musk's attorneys are expected to file an appeal, as damages could reach as high as $2.6 billion, according to attorneys repre
At the time, Musk had tweeted that Twitter had too many bots, which is why he was trying to renege on his commitment to buy the company.
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