In March 2026, a jury in the United States District Court in San Francisco found that Elon Musk engaged in securities fraud during his acquisition of Twitter (now X) in 2022. The specific issues involved two tweets—including the famous "transaction temporarily on hold" tweet—the jury determined that these statements contained false representations, artificially lowering Twitter's stock price by $3 to $8 per share. Musk is expected to compensate affected shareholders between $2.1 billion and $2.6 billion. He admitted in court that "this may not have been my wisest tweet," but the verdict still held him responsible. The case is now in the appeals process, and the final outcome remains uncertain.