CNBC's Faber: Musk Could Face Prison

CNBC’s David Faber Predicts Elon Musk Could Go to Jail for Bailing on Twitter Purchase

By Ken MeyerJul 11th, 2022, 10:36 am…

David Faber shocked his CNBC colleagues by suggesting that Elon Musk could be jailed over the lawsuit he faces from his decision to back out of buying Twitter.

Faber joined Jim Cramer and Carl Quintanilla as they led Squawk on the Street Monday with news that Musk is cancelling his $44 billion deal to buy the social media platform.

Musk has repeatedly expressed concerns that Twitter is being misleading about the number of bots and spam accounts on the platform. The billionaire Tesla CEO has not presented any evidence to support his claims, and some experts have speculated they are merely a pretext for him to back out of a deal he now sees as overpriced.