- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
A U.S. jury ruled that Musk intentionally misled company shareholders and suppressed the stock price before acquiring Twitter
According to CNN, a jury in California largely supported the claims of Twitter (now rebranded as X) shareholders on Friday, who accused billionaire Musk of making false statements before acquiring the social media company for $44 billion in 2022 and intentionally driving down the company's stock price. However, the jury did not find that Musk was involved in an overall scheme to defraud investors.
This ruling concludes a civil class action lawsuit. The lawsuit was filed by a group of Twitter shareholders in October 2022—just weeks before Musk officially took over the company. During the weeks-long trial, Musk was forced to testify in his defense. Musk initially agreed to acquire Twitter in April 2022 but attempted to back out of the deal in the following months, ultimately completing the acquisition.
According to estimates from the plaintiffs' attorneys, the jury's awarded damages are expected to be around $2.5 billion, with the exact amount depending on the final number of people who apply to join the class action. Musk's lawyers stated that Musk plans to appeal the ruling. His law firm, Quinn Emanuel Urquhart & Sullivan, noted that Musk has successfully appealed in other unrelated cases in Texas and Delaware recently.
You may also like
Asia's Next Great Dog Coin Debuts at the Weex AI Trading Hackathon
A BNB Chain meme token inspired by the Shih Tzu dog, blending community culture, creativity, and long‑term loyalty in Web3.
Fluxor: Connecting Global Builders With the WEEX AI Trading Hackathon
A hackathon platform connecting builders and creators to collaborative opportunities and innovation in Web3, enabling AI-oriented developers to experiment and create at scale.
The growth of AI-driven tools and community collaboration in Web3 has created new opportunities for developers worldwide. As a community partner and sponsor of the WEEX AI Trading Hackathon, Fluxor's mission to unify hackathon experiences and foster creative partnerships aligns with this spirit of collective innovation.
Houthi Deadline Countdown Begins | Rewire News Morning Brief
Middle East Conflict Escalation and Rate Hike Expectation Trigger Worst Gold Sell-Off in 43 Years
The Largest Oil Reserve Release in History: Why Is the Oil Price Still Above 100?
AI Agent Can't Kill SaaS
This viral Beijing high school teacher, Jiang Xueqin, predicted America's downfall in advance
Interview with Bill, Head of Bitget AI: In the AI Trading Era, How Far Are We from "Earning While Lying Down"?
Privacy Infrastructure and the WEEX AI Trading Hackathon
A privacy-first Web3 ecosystem using masternodes, encrypted messaging, and confidential payments to protect traders and AI strategies on-chain.
Meme Culture, Community Energy, and the WEEX AI Trading Hackathon
A community-driven meme token built around one of the internet's most recognizable characters.
RGAI: Exploring AI Agent Trading and Advancing the WEEX AI Trading Hackathon
A Solana-based AI agent project connecting automated trading strategies with on-chain token dynamics in AI-driven Web3 markets.
ForeGate: Bringing Decentralized Forecasting to the WEEX AI Trading Hackathon
A decentralized prediction market platform enabling users and builders to gauge probabilities and make informed decisions around future events in AI-enhanced Web3 environments.
Apello: Automating Web3 Community Management and Partnering with the WEEX AI Trading Hackathon
A community toolkit enabling builders to streamline engagement and participation as Web3 ecosystems evolve with AI and decentralized innovation. As a community partner and sponsor of the WEEX AI Trading Hackathon, Apello reflects the growing fusion of community-driven participation and technical creativity in the Web3 space. The platform's commitment to empowering community interaction and meaningful engagement aligns with this shared vision of innovation.
RootData: Delivering Structured Web3 Intelligence and Sparking the WEEX AI Trading Hackathon
A Web3 data platform enabling investors and builders to uncover market insights and informed decision-making in AI-powered trading.
As a community partner and sponsor of the WEEX AI Trading Hackathonm RootData has a shared focus on transparency, data integrity, and insight-driven innovation across AI trading and market research.
Firecrew: Elevating Trader Skill and Amplifying the WEEX AI Trading Hackathon
A trading education and community platform helping individuals build disciplined strategies and risk control that pair with AI-driven innovation.
CrazyLiveDAO: Building an AI Trading Education DAO in Step with the WEEX AI Trading Hackathon
A Solana-based DAO and membership community combining AI agents, live trading education, and Web3 tools for global Chinese investors.
Mome: Blending AI, Memes, and Creator-First Tokens, and Driving the WEEX AI Trading Hackathon
An AI-driven BNB Chain platform that lets creators launch meme tokens powered by viral video content and community ownership.
Matchain: Building AI-Powered Identity and Empowering the Weex AI Trading Hackathon
An AI-native Layer 2 that brings user-owned identity, data, and agents onchain for the next wave of trading innovation.
Asia's Next Great Dog Coin Debuts at the Weex AI Trading Hackathon
A BNB Chain meme token inspired by the Shih Tzu dog, blending community culture, creativity, and long‑term loyalty in Web3.
Fluxor: Connecting Global Builders With the WEEX AI Trading Hackathon
A hackathon platform connecting builders and creators to collaborative opportunities and innovation in Web3, enabling AI-oriented developers to experiment and create at scale.
The growth of AI-driven tools and community collaboration in Web3 has created new opportunities for developers worldwide. As a community partner and sponsor of the WEEX AI Trading Hackathon, Fluxor's mission to unify hackathon experiences and foster creative partnerships aligns with this spirit of collective innovation.
App