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Charles Breyer
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Legal
legal · Washington Examiner
U.S. District Judge Charles Breyer ruled that Elon Musk’s May 13, 2022, tweet claiming Twitter’s bot accounts represented less than 5% of users deflated the platform’s stock price during negotiations to acquire it, and found substantial evidence that Musk knowingly misrepresented the bot ratio despite having waived due diligence.
“Breyer found there was “substantial evidence of falsity” to Musk’s May 13 claim, which suggested to the public that he had the right to pause the deal. In fact, Musk had waived due diligence and agre…”
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