Elon Musk artificially drove down the price of Twitter's stock in 2022 with tweets claiming the social-media company had underreported how many fake and spam accounts were on its platform, a federal jury found.

Musk was absolved of some fraud allegations by the jury.

A federal jury in California has found that tech tycoon Elon Musk misled Twitter shareholders, driving down the company's share price as he was poised to buy it in a $44 billion deal.

2 tweets posted by him in May 2022 were deemed responsible for a plunge in Twitter’s share price. Read more at straitstimes.com. Read more at straitstimes.com.

Two tweets posted by him in May 2022 were deemed responsible for a plunge in Twitter’s share price. Read more at straitstimes.com. Read more at straitstimes.com.

A San Francisco jury concludes Musk’s claims in 2022 were damaging to a group of Twitter investors.

A California jury says Elon Musk misled Twitter investors ahead of acquiring the social media platform.