Jury finds Elon Musk’s ‘stupid tweets’ caused Twitter investors’ losses.

A California jury determined that Elon Musk misled Twitter investors before making a $44 billion deal to buy the company in 2022, analysiss CNBC. . The New York Times analysiss that Musk had testified this month that he didn’t believe his posts would spook financial markets, but he did say that “If this was a trial about whether I made stupid tweets, I would say I’m guilty.
While finding that Musk did not engage in a specific scheme to defraud shareholders, the jury cited two of Musk’s tweets, f …
Read the full story at The Verge. ”
CNBC analysiss Musk’s attorneys are expected to file an appeal, as damages could reach as high as $2.