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Stockreport

Elon Musk misled Twitter investors ahead of acquisition, jury says [FOX Business Network]

Tesla, Inc. (TSLA)  More Company Research Source: FOX Business Network
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The verdict from a jury in San Francisco federal court came in a closely watched trial where Musk was accused of falsely claiming that Twitter underreported how many fake and spam accounts, known as bots, were on its platform. Musk ultimately completed his purchase of Twitter in October 2022 and renamed it X. He has since folded it into his rocket and space exploration company SpaceX. The class-action lawsuit, Pampena v. Musk, was filed in October 2022. "This verdict sends a clear message—if you move the market with your words, you own the consequences," said Monte Mann, a trial lawyer at Armstrong Teasdale. "Going forward, this will have a real chilling effect. Executives and dealmakers will need to think carefully about how public statements can be interpreted—not just as disclosure, but as part of the negotiation itself." Twitter shareholders challenged Musk for having publicly questioned on three occasions after agreeing in April 2022 to buy Twitter whether the company wa [Read more]
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Stockreport

Elon Musk misled Twitter investors ahead of acquisition, jury says [FOX Business Network]

Tesla, Inc.  (TSLA) 
More Company Research Source: FOX Business Network
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The verdict from a jury in San Francisco federal court came in a closely watched trial where Musk was accused of falsely claiming that Twitter underreported how many fake and spam accounts, known as bots, were on its platform. Musk ultimately completed his purchase of Twitter in October 2022 and renamed it X. He has since folded it into his rocket and space exploration company SpaceX. The class-action lawsuit, Pampena v. Musk, was filed in October 2022. "This verdict sends a clear message—if you move the market with your words, you own the consequences," said Monte Mann, a trial lawyer at Armstrong Teasdale. "Going forward, this will have a real chilling effect. Executives and dealmakers will need to think carefully about how public statements can be interpreted—not just as disclosure, but as part of the negotiation itself." Twitter shareholders challenged Musk for having publicly questioned on three occasions after agreeing in April 2022 to buy Twitter whether the company wa [Read more]
IMPACT SNAPSHOT
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TSLA
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Price Change %
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%
Don't Miss Out On The Next BIG Stock Move
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EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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High:
Low:
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Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
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%
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%
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TICKS
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EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS