A jury in federal court in San Francisco determined that Tesla (TSLA) CEO Elon Musk defrauded Twitter investors when he disparaged the social media firm in 2022 in an attempt to purchase the company for a lower price than his initial $44B offer, Bloomberg’s Isaiah Poritz and Jef Feeley report. Jurors found that Musk intentionally misled Twitter investors when he posted that the social network had too many fake accounts and tried to back out of the agreement, the authors note.
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