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US Court Upholds Twitter Fraud Verdict Against Elon Musk

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A US court has rejected Elon Musk's attempt to overturn a fraud verdict related to his acquisition of Twitter. Investors had accused Musk of deliberately exaggerating the prevalence of fake and spam bot accounts on the platform. The alleged motive was to pressure Twitter into renegotiating the terms of his takeover deal or to find a way to exit the agreement entirely. The court's decision means the fraud verdict against Musk remains legally standing.

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