Jury finds Elon Musk misled investors during Twitter purchase

Elon Musk acquired Twitter, which he renamed X, in 2022 (Kirsty Wigglesworth/PA)

A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter’s stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for 44 billion dollars (£33 billion).

But it absolved him of some fraud allegations, finding that he did not “scheme” to mislead investors.