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    Musk found liable to Twitter shareholders in fraud lawsuit over $44 billion takeover, Bloomberg says


    Musk found liable to Twitter shareholders in fraud lawsuit over $44 billion takeover, Bloomberg says

    https://www.reuters.com/sustainability/boards-policy-regulation/musk-found-liable-twitter-shareholders-fraud-lawsuit-over-44-billion-takeover-2026-03-20/

    Posted by Sweaty_Rub4322

    18 Comments

    1. MovingTargetPractice on

      oops. the pumper and dumper that we’ve all aspired to be. many many zeros after his dump and pump though.

    6. AshySweatpants on

      But space satellites! Or no wait not space satellites space data centers.

      Shit not space data centers either, space AI!

    8. 8512764EA on

      So he misled investors and it covers people who bought Twitter stock in the months before he bought it. This will be a small payout

    11. clownfeat on

      I would argue the suit should be against the seller. Selling his business Musk was certainly not in the interests of the investors. Yeah, Musk fucked it up. But shouldn’t the former owner have had the foresight? Idk man.

    14. PrivateMarkets on

      What exactly are they entitled to? $44B ended up being higher than every third party mark on the company (Fidelity marked at $10B).

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