AssetID: 55529727
Headline: UNCAPTIONED: Elon Musk Tells Jury Investors Took His Tweets Too Seriously
Caption: Elon Musk Tells Jury Investors Took His Tweets Too Seriously. Tech billionaire Elon Musk has told a California jury that investors overreacted to his social media posts during his 2022 takeover of Twitter, arguing his comments were misunderstood rather than manipulative. Testifying in San Francisco, Musk defended himself against claims that misleading posts were used to influence the market and drive down the price of the platform ahead of his $44bn purchase. He said his messages were “extremely literal” and simply reflected what he was thinking at the time. “What I think privately is what I say publicly,” Musk told the court, adding that people often read too much into his online statements — including when he said the deal was “on hold”. Investors argue those posts led them to sell shares at a loss, believing the deal was collapsing. Musk later completed the takeover after Twitter sued to enforce the agreement, before rebranding it as X. The trial, the first tied to Musk’s Twitter acquisition to reach court, is expected to last three weeks under Judge Charles Breyer. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current affairs & Politics,Elon Musk,Twitter takeover,investor lawsuit,misleading tweets,California jury,San Francisco court,$44 billion deal,market manipulation claims,deal on hold tweet,investor losses,Twitter rebrand X,Judge Charles Breyer,2022 acquisition
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