A jury in San Francisco found Elon Musk liable for misleading investors prior to his acquisition of Twitter but cleared him of a fraudulent scheme. The case revolved around Musk's tweets that affected Twitter’s stock price and his claims about bot accounts.

A California jury found Elon Musk liable for misleading Twitter investors by making public statements casting doubt on his eventual $44 billion acquisition of the social media giant, contributing to a huge drop in the company's stock price. A class-action ...

At the time, Musk had tweeted that Twitter had too many bots, which is why he was trying to renege on his commitment to buy the company.

On Tuesday, A lawyer for former Twitter investors told a San Francisco federal jury that Elon Musk deliberately undermined the company in 2022 by publicly casting doubt on the number of fake accounts on the platform.