Elon Musk 'Trashed' Twitter And Its Leadership With His Bot Comments, Says Lawyer — Faces Jury Verdict In Stock Manipulation Trial

Benzinga_recent_news10:56

On Tuesday, A lawyer for former Twitter investors told a San Francisco federal jury that Elon Musk deliberately undermined the company in 2022 by publicly casting doubt on the number of fake accounts ...

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INC","TSLW":"TSLA周配息ETF-Roundhill"},"translate_title":"律师表示，埃隆·马斯克用他的机器人评论“诋毁”了Twitter及其领导层——在股票操纵审判中面临陪审团裁决","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLY":0.6,"TSLS":0.6,"UFO":0.6,"TSLO":0.6,"TSII":0.6,"TESL":0.6,"TSL":0.6,"TSLI":0.6,"TSLG":0.6,"TSLL":0.6,"CRSH":0.6,"TSLQ":0.6,"TSLP":0.6,"TSLR":0.6,"07766":0.6,"TSLZ":0.6,"TEST":0.6,"TSYY":0.6,"TSLW":0.6,"TSDD":0.6,"TSLT":0.6,"TWTR":1.96,"TLA":0.6},"content_text":"On Tuesday, A lawyer for former Twitter investors told a San Francisco federal jury that Elon Musk deliberately undermined the company in 2022 by publicly casting doubt on the number of fake accounts on the platform.\nAttorney Mark Molumphy argued Musk \"trashed the company\" and its leadership, adding that his repeated claims that bots could far exceed Twitter's disclosed 5% rattled markets and pushed shares lower, Reuters reported.\nThe lawsuit covers investors who sold stock between May and October 2022, when Musk suggested the deal was \"on hold\" and even warned that it \"cannot go forward\" without clarity on bot figures.\nMusk's attorney, Michael Lifrak, countered that the billionaire had legitimate concerns about spam accounts and was trying to assess the business.\n\"Two tweets and a podcast does not equal securities fraud,\" Lifrak told jurors, arguing that plaintiffs failed to prove intent to deceive.\nHe maintained that stock movement alone does not establish fraud.\nJurors are now deciding whether Musk's statements were misleading and part of a scheme to manipulate Twitter's share price. If found liable, they will determine damages.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto Courtesy: Evolf on Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2620283260","isCrawlerRequest":true}