A defiant Elon Musk on Wednesday took the stand in a jury trial to defend himself against accusations that he engaged in a pattern of deceptive behavior that misled investors as he attempted to back out of his $44 billion deal to buy Twitter before he finally completed the takeover.
The civil trial in San Francisco centers on a class-action lawsuit filed just before Musk took control of Twitter, a social media service he renamed X, in October 2022, six months after agreeing to buy the embattled company for $44 billion, or $54.20 per share. The price paid by the world’s richest man represents sliver of a fortune now estimated at $841 billion.
Continue reading for FREE
This is NOT a paywall. We just want to make sure you’re a human. Sign in to read this story and receive the weekly roundup in your inbox.
Success! Your account was created and you’re signed in.
Please visit My Account to manage your account.