In his 43-page opinion, the judge also noted that Musk had posted a tweet on March 26, 2022 indicating he was thinking about buying a different social network, not Twitter, although he had already amassed millions of shares in Twitter as of March 25, 2022.
He wrote, it was "reasonable" to read Musk's tweet "as a statement meant to misdirect the public to think that buying Twitter was just a fantasy." The judge also wrote that, "it is more likely than not that Musk issued a material misleading representation," with those tweets.
Musk ultimately bid on and led a leveraged buyout of Twitter in 2022 in a deal worth about $44 billion. He made sweeping changes to the business, the social platform and later renamed it X.