Jury finds Elon Musk misled Twitter investors
Mar 22nd 2026 ยท United States
A San Francisco jury found Elon Musk misled Twitter shareholders with statements during his 2022 purchase of the platform, a verdict that could expose him to as much as $2.6 billion in damages.
- A nine-member San Francisco jury ruled Musk misled shareholders with tweets during his $44 billion Twitter acquisition in 2022.
- The lawsuit targeted two tweets and podcast comments in May 2022 after which Twitter stock fell nearly 10% in one session.
- The jury found no fraud scheme and cleared the podcast remarks of wrongdoing or intentional deception.
- Plaintiffs' lawyers say Musk could face up to $2.6 billion in damages and his legal team says it will appeal the verdict.
- The case follows a 2023 San Francisco verdict that cleared Musk of similar 2018 investor-misleading charges.