Elon Musk Criticises Twitter Verdict, Calls $4.20 Jury Figure a ‘Mocking Joke’

Elon Musk has sharply criticised a US jury verdict finding him liable for misleading investors in 2022 over his $44 billion acquisition of Twitter, now known as X, saying the trial was undermined by a “bizarre and highly questionable” jury decision.

The eight-member San Francisco jury concluded on Friday that Musk misled investors with two tweets in May 2022, in which he expressed concerns about the prevalence of fake accounts on the platform, before attempting to withdraw from the deal. The jury rejected a claim that a third Musk statement violated federal securities law, and dismissed allegations of a broader scheme to defraud shareholders.\

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