818
Elon Musk to Owe Estimated $2.1 Billion After Jury Finds He Misled Twitter Investors Before 2022 Buyout (text.npr.org)
submitted 7 months ago by to c/technology@lemmy.world
87 comments fedilink hide all child comments
 

A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion. But it absolved him of some fraud allegations, finding that he did not "scheme" to mislead investors.

you are viewing a single comment's thread
view the rest of the comments
[–] 11 points 7 months ago (2 children)

It's an ego thing, he'll hire a bunch of really expensive lawyers and drag it out as long as he can. This is what the rich do.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
    • load more comments (1 reply)