--- title: Elon Musk misled Twitter investors while trying to get... description: A California civil jury ruled that Elon Musk intentionally misled Twitter investors when he tried to back out of his $44 billion acquisition of the platform in... canonical: https://daily.dev/posts/elon-musk-misled-twitter-investors-while-trying-to-get-out-of-acquisition-jury-says-mshq8cter twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Elon Musk misled Twitter investors while trying to get out of acquisition, jury says | daily.dev og:description: A California civil jury ruled that Elon Musk intentionally misled Twitter investors when he tried to back out of his $44 billion acquisition of the platform in... og:url: https://daily.dev/posts/elon-musk-misled-twitter-investors-while-trying-to-get-out-of-acquisition-jury-says-mshq8cter og:image: https://api.daily.dev/og/posts/MShq8cTer.png og:image:alt: Elon Musk misled Twitter investors while trying to get out of acquisition, jury says og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Elon Musk misled Twitter investors while trying to get out of acquisition, jury says **[TechCrunch](https://daily.dev/sources/tc)** · 3 min read · 0 upvotes · 0 comments ## Summary A California civil jury ruled that Elon Musk intentionally misled Twitter investors when he tried to back out of his $44 billion acquisition of the platform in 2022. Musk had tweeted concerns about bots on Twitter, causing shares to drop 8%, and investors who sold during that window filed suit. The jury sided with plaintiffs, with potential damages up to $2.6 billion. This follows a similar but unsuccessful lawsuit over Musk's 2018 'funding secured' Tesla tweet. Musk has since rebranded Twitter as X, merged it with xAI, and then merged xAI with SpaceX. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Judge upholds Musk Twitter investor fraud verdict](https://daily.dev/posts/judge-upholds-musk-twitter-investor-fraud-verdict-mlmnfi9n3) · The Next Web · 1 upvotes · 0 comments - [Despite ‘misgivings,’ judge approves Elon Musk’s $1.5 million SEC settlement](https://daily.dev/posts/despite-misgivings-judge-approves-elon-musk-s-1-5-million-sec-settlement-ingvscebh) · TechCrunch · 0 upvotes · 0 comments - [Elon Musk’s war on OpenAI ends in crushing defeat](https://daily.dev/posts/elon-musk-s-war-on-openai-ends-in-crushing-defeat-tmzk6bd6c) · TechCentral · 47 upvotes · 18 comments - [The $1.5m settlement that closes Musk's longest-running SEC matter](https://daily.dev/posts/the-1-5m-settlement-that-closes-musk-s-longest-running-sec-matter-k1elrztdp) · The Next Web · 2 upvotes · 0 comments --- Tags: [#twitter](https://daily.dev/tags/twitter) [View this post on daily.dev](https://daily.dev/posts/elon-musk-misled-twitter-investors-while-trying-to-get-out-of-acquisition-jury-says-mshq8cter) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Elon Musk misled Twitter investors while trying to get out of acquisition, jury says","url":"https://daily.dev/posts/elon-musk-misled-twitter-investors-while-trying-to-get-out-of-acquisition-jury-says-mshq8cter","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/elon-musk-misled-twitter-investors-while-trying-to-get-out-of-acquisition-jury-says-mshq8cter"},"datePublished":"2026-03-20T23:30:35.518Z","dateModified":"2026-03-20T23:33:09.141Z","description":"A California civil jury ruled that Elon Musk intentionally misled Twitter investors when he tried to back out of his $44 billion acquisition of the platform in...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/362f7f410a7e4aeeaa48282382ba740c?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/362f7f410a7e4aeeaa48282382ba740c?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCrunch","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCrunch","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tc","url":"https://daily.dev/sources/tc"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/elon-musk-misled-twitter-investors-while-trying-to-get-out-of-acquisition-jury-says-mshq8cter","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"twitter","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCrunch","item":"https://daily.dev/sources/tc"},{"@type":"ListItem","position":3,"name":"Elon Musk misled Twitter investors while trying to get out of acquisition, jury says"}]} ```