Elon Musk's X (disambiguation) Acquisition Fraud Trial

A civil trial in San Francisco concluded with closing arguments in a class-action lawsuit against Elon Musk. Twitter shareholders accuse Musk of deceptive behavior and misleading investors as he attempted to back out of his $44 billion deal to buy Twitter (now X (disambiguation)) in 2022. The plaintiffs argue that Musk's tweets, particularly one stating the deal was 'on hold,' were calculated to drive down X (disambiguation)'s stock price, making the acquisition cheaper or allowing him to exit the deal. Musk's lawyers, Michael Lifrak, countered that there was no evidence of securities fraud or intent to manipulate the stock price. Much of the trial focused on Musk's claims about the number of bots on X (disambiguation) and whether X (disambiguation) misrepresented its user figures to the United States===United States Securities and Exchange Commission. X (disambiguation)'s former CFO, Ned Segal, testified that the company did not file false reports. Judge Charles Breyer noted potential jury bias against Elon Musk, who has also filed a motion for a mistrial.