A federal jury in San Francisco found Elon Musk defrauded Twitter investors during the 2022 buyout negotiations. Evidence showed Musk intentionally disparaged the network to lower the price from $44 billion. He misled shareholders concerning fake account metrics before acquiring the platform now known as X.

![Jury says Musk misled Twitter investors before 2022 buyout, Bloomberg News reports](https://dam.mediacorp.sg/image/upload/s--SBOHN6mC--/c_fill,g_auto,h_468,w_830/fl_relative,g_south_east,l_mediacorp:cna:watermark:2024-04:reuters_1,w_0.1/f_auto,q_auto/v1/one-cms/core/2026-03-20T220449Z_2_LYNXMPEM2J17P_RTROPTP_3_DAVOS-MEETING.JPG?itok=q6QmF4Cd "Jury says Musk misled Twitter investors before 2022 buyout, Bloomberg News reports")

Bloomberg News confirmed the verdict on Friday.