Elon Musk was found guilty of manipulating the Twitter price in 2022 when he bought the social platform.

A federal jury in San Francisco has ruled that Elon Musk misled investors with "intentionally misleading" statements during the 2022 Twitter acquisition. The verdict, delivered after two days of deliberations, rejects Musk's argument that his posts were over-interpreted. The court found that his claims about Twitter users and the threat to walk away from the $44 billion deal led to an artificial drop in Twitter's stock price by amounts between $3 and $8.

This decision could result in significant damages for affected investors. Musk, who displayed combative behavior throughout the trial, acknowledged he would be at fault if it were about "stupid tweets." His legal team considers the verdict a "roadblock" and intends to appeal.