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Twitter, Elon Musk and SEC
Elon Musk is being sued by the SEC over his Twitter takeover. What we know
Elon Musk is being sued by the U.S. Securities and Exchange Commission over his 2022 Twitter takeover. The agency alleges that the billionaire failed to disclose his ownership of Twitter stock in a timely manner, saving himself at least $150 million “at the expense of shareholders.”
Elon Musk sued by SEC for late disclosure of Twitter stock purchase
The U.S. Securities and Exchange Commission (SEC) has sued Elon Musk, alleging that the billionaire failed to disclose his acquisition of Twitter stocks within the legally required timeframe in 2022. The most surprising aspect of this lawsuit is that it took so long to arrive.
Elon Musk underpaid Twitter acquisition by $150M by not disclosing stake, SEC alleges
The SEC sued Elon Musk in federal court on Tuesday for allegedly misleading shareholders when he bought hundreds of millions of dollars worth of Twitter stock in 2022.
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2h
'Twitter Quitters' Help Boost Bluesky to More Than 27 Million Users
T he social network Bluesky has been growing at a rapid rate ever since the 2024 US presidential election concluded. The site ...
1d
US SEC sues Elon Musk over late disclosure of Twitter stake
Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world's richest person of ...
11h
Meta’s Threads Was Supposed to Be Better Than Twitter. Then Zuckerberg Changed His Mind.
Mark Zuckerberg has been busy. Last week, he announced his future plans for Meta, which included halting all independent fact ...
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