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Elon Musk misled Twitter shareholders, US jury finds

A federal jury in California found on Friday that tech titan Elon Musk misled Twitter shareholders in an effort to drive down the company’s share price as he was poised to buy it in a US$44 billion deal. The verdict in a class action securities lawsuit means the world’s richest person could be ordered to pay out as much as US$2.6 billion, according to damages calculated by jurors. Giuseppe Pampena filed the suit against Musk on behalf of people who sold Twitter shares between mid-May of 2022 and...

Mar 20, 2026 &03512020202631; 23:51 UTC www.scmp.com Trending 2/5

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Positive for markets

Sentiment score: +45/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Rule-based L2: BULLISH signal from SCMP Business

AI CONFIDENCE

60% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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Dow Jones

^DJIIndex

Expected to rise

Elon Musk misled Twitter shareholders, US jury finds

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10-Year Treasury Yield

^TNXIndex

Expected to rise

Elon Musk misled Twitter shareholders, US jury finds

PRICE HISTORY

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⚡ SUGGESTED ACTION

Automated signal: BULLISH on primary asset

Analysis generated on Mar 21, 2026 at 15:37 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by SCMP Business. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Elon Musk misled Twitter shareholders, US jury finds

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