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Lawsuit Accusing Elon Musk of Tanking Twitter Share Price Goes to Jury

Lawsuit Accusing Elon Musk of Tanking Twitter Share Price Goes to Jury

The weekslong civil trial has focused primarily on statements Musk made in May 2022, speculating that the number of bots on Twitter was much higher than the company publicly reported, and suggesting that the deal could be put on pause as a result.

The previous month, he’d signed a binding agreement to purchase the company at $54.20 a share.

During his testimony earlier this month, Musk said that in a May meeting with then-CEO Parag Agrawal and CFO Ned Segal, he asked the executives how the company determined the number of spam accounts that use the site daily, and said he was “flabbergasted” when they did not know.

A courtroom sketch depicts Elon Musk (left) with his defense team on Mar. 4, 2026. (Vicki Behringer for KQED)

Days…

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