A federal jury in San Francisco ruled on Friday that Elon Musk misled Twitter shareholders in order to lower the price of its purchase. The billionaire provided significantly misleading information about the number of fake accounts on the social network during negotiations over its $44 billion acquisition in 2022. Through his claims about bots and fake accounts, he manipulated the company's share price downward. hlavnespravy.sk ↗ pravda.sk ↗
After two days of deliberation, the jury ruled that Musk deliberately lied and thereby caused a decline in the value of Twitter's shares. The investigation found that the billionaire was aware that his statements were inaccurate and misleading, and that he used them to lower the final price when purchasing the platform. lidovky.cz ↗ idnes.cz ↗
The amount of compensation for the affected shareholders could reach as much as $2.5 billion according to some estimates, with the exact sum to be determined later. The verdict represents a rare legal defeat for the billionaire and could have significant financial consequences. This is a major case of managerial fraud during one of the largest technology deals in history, in which Musk ultimately bought Twitter for the agreed sum and transformed it into the social network X. blesk.cz ↗ BBC News ↗
Jury rules that Musk misled Twitter shareholders during its acquisition
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Sources (10)
"Teflonový Elon" podle soudu podvedl investory. Mohlo by ho to přijít hodně draho
zpravy.aktualne.cz
| 11:32 21.03.
Investorov podviedol. Elon Musk úmyselne hanil Twitter, rozhodol súd
pravda.sk
| 11:18 21.03.
Musk podvedl investory Twitteru před jeho odkupem, rozhodl americký soud
lidovky.cz
| 10:36 21.03.
Musk podvedl investory Twitteru před jeho odkupem, rozhodl americký soud
idnes.cz
| 10:16 21.03.
Nekompromisní verdikt soudu: Musk podváděl při nákupu Twitteru!
blesk.cz
| 09:20 21.03.
Musk uvedl investory Twitteru před odkupem v roce 2022 v omyl, rozhodl soud. Hanil ho kvůli nižší ceně
irozhlas.cz
| 09:13 21.03.
Musk má zaplatit miliardové odškodné. Podle soudu oklamal akcionáře Twitteru
seznamzpravy.cz
| 09:02 21.03.
Podle soudu Elon Musk podvedl investory při převzetí Twitteru
fzone.cz
| 08:30 21.03.
Elon Musk: Geschworene sehen Kursmanipulation bei Twitter-Übernahme
Spiegel.de
| 02:12 21.03.
Elon Musk misled Twitter investors, jury finds
BBC News
| 00:44 21.03.
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