Musk's Twitter Deal May Be Doomed After Jury Finds 'Stupid Tweets' Caused Investors' Losses

A California jury has found Elon Musk liable for misleading Twitter investors before making a $44 billion deal to buy the company in 2022, according to reports from CNBC and The New York Times. During his testimony, Musk acknowledged that some of his tweets may have caused concern among investors, stating that if the trial was about whether he made “stupid tweets,” he would admit guilt. The jury’s decision does not imply that Musk engaged in a deliberate scheme to deceive shareholders, but rather that his careless and impulsive tweets had an impact on the company’s stock price. The damages awarded to Twitter investors could be as high as $2.6 billion, according to attorneys representing the plaintiffs. Musk’s attorneys are expected to file an appeal, arguing that the jury’s decision was based on flimsy evidence and overly broad interpretations of the law. However, the outcome of this case may have significant implications for Musk’s future business dealings and his reputation as a public figure.