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Jury Rules Musk Defrauded Twitter Investors with Tweets
Key Takeaways
- Federal jury found Musk liable for securities fraud over misleading tweets during Twitter's 2022 acquisition
- Jurors concluded his communications were materially misleading regardless of intent, consistent with recklessness standard
- The verdict follows prior SEC action over Musk's 2018 Tesla tweets and sets precedent for CEO social media during M&A
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DT Editorial Team··via arstechnica.com
