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Elon Musk to Owe Estimated $2.1 Billion After Jury Finds He Misled Twitter Investors Before 2022 Buyout (text.npr.org)

submitted 1 day ago* (last edited 1 day ago) by Beep@lemmus.org to c/technology@lemmy.world

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

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[–] MrSulu@lemmy.ml 75 points 1 day ago (2 children)

For the rest of us, there would be a seizure of assets and a prison term.

[–] HertzDentalBar@lemmy.blahaj.zone 3 points 19 hours ago

Basically, and it's not even like this is a corporation that has some level of money machine go burr, it's straight up one man who did this and is responsible it should be cut and dry and he should be spending the next few decades in prison.

[–] CaliforniaSober@lemmy.ca 7 points 1 day ago* (last edited 1 day ago)

God bless Willie Nelson…