Skip to main content
Tags: twitter | buyout | elon musk | investors

Report: Jury Says Musk Misled Twitter Investors Before 2022 Buyout

Friday, 20 March 2026 06:25 PM EDT

A jury has concluded that Elon Musk defrauded Twitter investors when he disparaged the company in 2022 in an effort to buy the social media platform for a lower price than his original $44 billion bid, Bloomberg reports.

Jurors in federal court in San Francisco found on Friday that Musk intentionally misled Twitter shareholders when he tweeted that the social media network, which was later renamed X, had too many fake accounts and then tried to back out of the deal, the report added.

© 2026 Thomson/Reuters. All rights reserved.


Newsfront
A jury has concluded that Elon Musk defrauded Twitter investors when he disparaged the company in 2022 in an effort to buy the social media platform for a lower price than his original $44 billion bid, Bloomberg reports.
twitter, buyout, elon musk, investors
84
2026-25-20
Friday, 20 March 2026 06:25 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved