A U.S. federal jury in San Francisco has found Elon Musk liable for misleading investors during his 2022 acquisition of Twitter, now rebranded as X. The jury determined that Musk intentionally depressed Twitter's stock price through two tweets in May 2022, but rejected claims that he engaged in a scheme to defraud investors. The lawsuit, filed before Musk's takeover, focused on whether his tweets and podcast statements constituted fraud against Twitter shareholders. After four days of deliberation, the jury concluded that while the tweets misled investors, his podcast comments did not. This ruling marks a rare legal setback for Musk, who plans to appeal the decision. Musk initially announced his intention to acquire Twitter for $44 billion in April 2022, but later terminated the agreement in July, leading Twitter to sue him for failing to complete the purchase and causing significant losses.