Loading...
governmenthistorynews
Biography Flash Elon Musk Found Liable for Misleading Twitter Investors in 44 Billion Dollar Deal Drama
About this Episode
🛒 Distil Union - Problem-Solving Men's Accessories
💰 Get 20% OFF | Promo Code: POINT
https://distilunion.com/discount/POINT
A California federal jury dropped a bombshell on Friday, ruling that Elon Musk intentionally misled Twitter investors back in 2022 by tweeting about rampant bots on the platform, all while scheming to wriggle out of his blockbuster 44 billion dollar acquisition deal. TechCrunch reports the verdict hinges on Musks May 13 tweet putting the deal on hold pending bot data, which tanked shares by 8 percent and allegedly cost sellers like investor Giuseppe Pampena millions; jurors sided with plaintiffs over Musks claim of genuine concerns, potentially sticking him with up to 2.6 billion in damages per CNBC estimates, though his 660 billion net worth per Bloomberg shrugs it off like yesterday’s launch glitch. AFP and ABC News confirm the San Francisco courts finding that Musks bot rants violated securities law, causing an artificial stock plunge, but rejected broader fraud charges. This echoes his 2018 Tesla funding secured tweet drama, where he dodged a shareholder loss but settled with the SEC. No public reaction from Musk yet as of early Saturday UTC, but Polymarket traders are betting big hell unleash 65 to 89 X posts from midday Friday through Sunday, mirroring his manic 20 to 40 daily average during Tesla or SpaceX spikes. Business wise, recall last months SpaceX xAI merger for orbital data centers, per TechCrunch, a visionary pivot with huge biographical weight amid his empire building. No confirmed public appearances or fresh social mentions in the last 48 hours beyond the verdict buzz, and zero major headlines in the past 24 hours. Speculation swirls on appeal odds, but thats unverified chatter. Thanks listener for tuning into Elon Musk Biography Flash, subscribe to never miss an update on Elon Musk and search Biography Flash for more great biographies. Thanks for listening. This has been a Quiet Please production.
This content was created in partnership and with the help of Artificial Intelligence AI
💰 Get 20% OFF | Promo Code: POINT
https://distilunion.com/discount/POINT
A California federal jury dropped a bombshell on Friday, ruling that Elon Musk intentionally misled Twitter investors back in 2022 by tweeting about rampant bots on the platform, all while scheming to wriggle out of his blockbuster 44 billion dollar acquisition deal. TechCrunch reports the verdict hinges on Musks May 13 tweet putting the deal on hold pending bot data, which tanked shares by 8 percent and allegedly cost sellers like investor Giuseppe Pampena millions; jurors sided with plaintiffs over Musks claim of genuine concerns, potentially sticking him with up to 2.6 billion in damages per CNBC estimates, though his 660 billion net worth per Bloomberg shrugs it off like yesterday’s launch glitch. AFP and ABC News confirm the San Francisco courts finding that Musks bot rants violated securities law, causing an artificial stock plunge, but rejected broader fraud charges. This echoes his 2018 Tesla funding secured tweet drama, where he dodged a shareholder loss but settled with the SEC. No public reaction from Musk yet as of early Saturday UTC, but Polymarket traders are betting big hell unleash 65 to 89 X posts from midday Friday through Sunday, mirroring his manic 20 to 40 daily average during Tesla or SpaceX spikes. Business wise, recall last months SpaceX xAI merger for orbital data centers, per TechCrunch, a visionary pivot with huge biographical weight amid his empire building. No confirmed public appearances or fresh social mentions in the last 48 hours beyond the verdict buzz, and zero major headlines in the past 24 hours. Speculation swirls on appeal odds, but thats unverified chatter. Thanks listener for tuning into Elon Musk Biography Flash, subscribe to never miss an update on Elon Musk and search Biography Flash for more great biographies. Thanks for listening. This has been a Quiet Please production.
This content was created in partnership and with the help of Artificial Intelligence AI
Hosts & Guests
No transcript available for this episode.
