US Court Denies Musk Bid to Overturn Twitter Verdict

Was this verdict a landmark win for securities law or a tainted judgment driven by bias?
US Court Denies Musk Bid to Overturn Twitter Verdict
Above: SpaceX stock price displayed in a smartphone and Elon Reeve Musk's book in China on June 24. Image credit: CFOTO/Future Publishing/Getty Images

The Spin


Left narrative

A federal jury found Musk liable for materially misleading Twitter investors, with damages potentially topping $2.6 billion. Musk's tweets about spam bots were designed to tank Twitter's stock so he could back out of or renegotiate a deal that had gotten too expensive for him. No amount of wealth or influence puts anyone above securities law, and this verdict makes that crystal clear.

Right narrative

The verdict against Musk was tainted from the start — jurors wrote "$4.20" in bright blue ink on the damages form, mocking Musk's well-known association with the number. San Francisco's deep hostility toward Musk made seating an impartial jury nearly impossible, and even the judge acknowledged a different venue might have produced a different panel.


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The Controversies


© 2026 Improve the News Foundation. All rights reserved.Version 7.7.2

© 2026 Improve the News Foundation.

All rights reserved.

Version 7.7.2