Gate News report: On March 21, a jury at the U.S. Federal Court in San Francisco ruled that Elon Musk is liable for misleading investors with two tweets during his acquisition of Twitter (now renamed X) in 2022. After deliberating for nearly 4 days, the 9-member jury determined that two tweets posted by Musk in May 2022 constituted misleading statements to investors. However, the jury rejected allegations that Musk participated in planning fraud against investors and found that his statements on a podcast show did not constitute misleading statements. According to reports, Musk announced in April 2022 that he would acquire Twitter for $44 billion and announced the termination of the acquisition agreement on July 8. Twitter filed a lawsuit against Musk on July 12, alleging that his refusal to proceed with the acquisition as agreed caused Twitter substantial losses. This ruling is a rare loss for Musk, and his legal team stated they will file an appeal.