Verdict, while not a complete loss, could still cost him billions.

Elon Musk was sued in late 2022 after completing his acquisition of Twitter, which he later renamed X.

Verdict, while not a complete loss, could still cost him billions.

A San Francisco jury concludes Musk’s claims in 2022 were damaging to a group of Twitter investors.

Mark Molumphy, a lawyer for the investors, said after the verdict he thinks the damages will amount to $2.6 billion.

"Musk's status as the world's richest man is not a free pass," a lawyer for the shareholders said in a statement.

California jurors hand win to investors who sued billionaire saying he publicly disparaged social media platform in 2022