Courthouse News Service

Trial Over Elon Musks 44 Billion Twitter Takeover Heads To Jury

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New York Post

Twitter shareholder lawsuit accusing Elon Musk of driving down stock goes to jury: Knew what he was doing

Electrek

Elon Musk moves for mistrial in Twitter fraud case because everyone hates him

nypost

Tech Times

Elon Musk Faces Jury as Twitter Shareholders Accuse Him of Deception in $44B Deal

The Associated Press

Twitter shareholder case accusing Musk of driving down stock goes to jury

International Business Times

Did Elon Musk Manipulate the $44 Billion Twitter Deal? Trial Looms Over Investor Misleading Claims

Indiatimes

Did Elon Musks bot comments hurt Twitter investors? Court battle puts spotlight on 2022 deal

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Il Sole 24 ORE

Twitter, Musk's trial: 'This is how he tried to influence the sale'

Benzinga

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UNILAD

This tweet might've just cost Elon Musk $1,000,000,000 as landmark trial goes to jury

Reuters

Musks Motives Are Debated Twitter Shareholder Trial Nears End 2026 03 17

Sam Altman

Alex Kantrowitz

Trishla Ostwal

William Savitt

Marc Toberoff

Colin Rusch

Brian Roemmele

Austen Allred

Kelsey Piper

"The company is not for sale. It's another one of his tactics to try to mess with us."

"So my very basic read is Elon's offer isn't serious."

"Musk and his legal team's insistence that the offer is real should keep it in the headlines for a while, but I’m still skeptical of their story."

"We don't expect any meaningful discussions to develop."

"Elon's offer to purchase the OpenAI nonprofit for $97.4billion isn't going to happen."

"It's time for OpenAI to return to the open-source, safety-focused force for good it once was. We will make sure that happens."

Will Elon Musk Buy OpenAI?

Elon Musk

Anthony Scaramucci

Scott Bessent

Jimmy Patronis

Brett Kappel

Michael Steele

Douglass Mackey

Steve Deace

James Fishback

Collin Rugg

Collin Anderson

"It can't happen. It won't happen."

"Elon Musk is not gonna create a new political party."

"It would be extremely unlikely for a new major party to form."

"[T]he product [America Party] itself is an ideological identity. Not something recreatable with a more streamlined process."

"Elon Musk has officially declared his intent to launch a new political party, an announcement long on bravado but short on substance."

"Only the richest person in the world could make a serious effort at creating a new American political party."

"If this insane spending bill passes, the America Party will be formed the next day."

Will Elon Musk Form a New 'America Party'?

A San Francisco federal jury began deliberating Tuesday in a civil trial over whether Elon Musk defrauded Twitter shareholders during his $44 billion acquisition of the platform in 2022, with the case centering on tweets Musk posted about fake and spam accounts.

A San Francisco federal jury began deliberating Tuesday in a civil trial over whether Elon Musk defrauded Twitter shareholders during his $44 billion acquisition of the platform in 2022, with the case centering on tweets Musk posted about fake and spam accounts.

Plaintiffs' attorney Mark Molumphy argued Musk "trashed the company" and its leadership by publicly claiming bots far exceeded Twitter's disclosed 5% estimate, which investors say drove down the stock price between May and October 2022.

Plaintiffs' attorney Mark Molumphy argued Musk "trashed the company" and its leadership by publicly claiming bots far exceeded Twitter's disclosed 5% estimate, which investors say drove down the stock price between May and October 2022.

On May 13, 2022, Musk tweeted the Twitter deal was "temporarily on hold" pending verification of spam account figures, causing the company's stock to drop nearly 18% in the following days, prompting many investors to sell their shares.

On May 13, 2022, Musk tweeted the Twitter deal was "temporarily on hold" pending verification of spam account figures, causing the company's stock to drop nearly 18% in the following days, prompting many investors to sell their shares.

Musk's attorney Michael Lifrak told jurors that "two tweets and a podcast does not equal securities fraud," arguing the plaintiffs presented "not one shred of evidence" that Musk intentionally plotted to drive down Twitter's stock price.

Musk's attorney Michael Lifrak told jurors that "two tweets and a podcast does not equal securities fraud," arguing the plaintiffs presented "not one shred of evidence" that Musk intentionally plotted to drive down Twitter's stock price.

Twitter's former CFO Ned Segal testified that the company's bot rate was closer to 1% and that Twitter never submitted false SEC filings on spam figures, though he acknowledged a 2017 incident in which monthly user numbers were unintentionally overstated.

Twitter's former CFO Ned Segal testified that the company's bot rate was closer to 1% and that Twitter never submitted false SEC filings on spam figures, though he acknowledged a 2017 incident in which monthly user numbers were unintentionally overstated.

Separately, Musk's lawyers sought to negotiate a settlement of an SEC lawsuit — accusing him of failing to timely disclose his Twitter stake — without involving the agency's own counsel, a move that drew apparent surprise from the presiding judge.

Separately, Musk's lawyers sought to negotiate a settlement of an SEC lawsuit — accusing him of failing to timely disclose his Twitter stake — without involving the agency's own counsel, a move that drew apparent surprise from the presiding judge.

Jury Deliberates Musk Twitter Fraud Trial

Jury Deliberates Musk Twitter Fraud Trial

The Controversies

Altman

Allred

Kantrowitz

Rusch

Piper

Toberoff

Scaramucci

Patronis

Anderson

Deace

Steele

Kappel

Musk

Go Deeper

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Jury Deliberates Musk Twitter Fraud Trial

Jury Deliberates Musk Twitter Fraud Trial

The Controversies

Altman

Allred

Kantrowitz

Rusch

Piper

Toberoff

Scaramucci

Patronis

Anderson

Deace

Steele

Kappel

Musk

Go Deeper

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