A jury on Friday found that Elon Musk misled Twitter’s shareholders by driving down Twitter’s stock price ahead of his $44 billion acquisition of the company in 2022.
The San Francisco jury were asked if two tweets and comments made by Musk on a podcast showed that he deliberately defrauded the shareholders and drove down Twitter’s stock price. They concluded that the tweets were false and misleading but did not hold him liable for the podcast comment.
The jury also dismissed the investors’ claim that Musk’s tweets and comments amounted to a scheme.
Four of the shareholders sued Musk in October 2022, claiming they suffered major losses as a result of Musk’s comments regarding spam bot accounts on Twitter, now the social platform X. The four shareholders’ lawyers said on Friday that Musk could now be forced to pay former shareholders around $2.5 billion, The New York Times reported.
“This is a great example of what you cannot do to the average investor –– people that have 401ks, kids, pension funds, teachers, firemen, nurses,” Joseph Cotchett, one of the investors’ attorneys, told CNBC. That’s what this case was all about. This was not about Musk. It was about the whole operation.”




A building in the southern Israeli city of Dimona collapsed on Saturday after it was struck by falling interception debris from an earlier Iranian ballistic missile attack, Israel's Fire and Rescue Services confirmed, as emergency crews fanned out across at least 12 separate sites in the city to search for casualties.
CBS News said Friday it will shut down its storied radio news service after nearly 100 years of operation, ending an era and blaming challenging economic times as the world moves on to digital sources and podcasts. Said longtime CBS News anchor Dan Rather: "It's another piece of America that is gone."
FIFA has said it will not act against Israeli settlement clubs in the West Bank, but fined the Israeli FA (IFA) over discrimination.
When an Israeli settler killed dozens of Palestinian worshippers during Ramadan at the Ibrahimi Mosque in 1994, the shock reverberated far beyond Hebron.
Switzerland has moved to suspend new approvals for arms exports to the United States amid the ongoing US-Israeli war on Iran, citing its long-standing policy of neutrality and legal restrictions under domestic export controls.





























