this post was submitted on 21 Mar 2026
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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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[–] jontree255@lemmy.world 12 points 1 day ago (1 children)
  1. That’s chump change to him.
  2. He’s not going to pay it anyway.
[–] DarrinBrunner@lemmy.world 1 points 1 day ago

He'll pay it, then make it back by lunch.

I think he can cut you a check for that in the court room.

[–] mthomson@forum.macaque.social 4 points 1 day ago (1 children)

oh c'mon! didn't intentionally mislead investors? just accidentally. so they're saying he's an idiot?

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[–] RIotingPacifist@lemmy.world 5 points 1 day ago* (last edited 1 day ago)

Hope the Saudis treat a fraudster as harshly as a journalist

[–] db2@lemmy.world 3 points 1 day ago

And now the people he owes will never be broke. They'll always have that money coming "some day".

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