this post was submitted on 21 Mar 2026
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A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion. But it absolved him of some fraud allegations, finding that he did not "scheme" to mislead investors.

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[–] minorkeys@lemmy.world 27 points 2 days ago (1 children)

He's made billions more after and because of it so he doesn't give a shit about a meaningless, billion dollar fine.

[–] blady_blah@lemmy.world 12 points 2 days ago (2 children)

It's an ego thing, he'll hire a bunch of really expensive lawyers and drag it out as long as he can. This is what the rich do.

[–] HeyThisIsntTheYMCA@lemmy.world 5 points 2 days ago (1 children)

if you drag it out, a billion dollar fine becomes a million real fast

[–] minorkeys@lemmy.world 3 points 2 days ago

That's a power thing. Avoiding accountability to the rule of law.