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SEC, Musk and Twitter
SEC accuses Musk of cheating Twitter investors out of millions
Elon Musk cheated Twitter shareholders by waiting too long to disclose his growing stake in the company, the U.S. Securities and Exchange Commission claims.
SEC sues Elon Musk, says he cheated Twitter investors out of $150 million
Twitter's stock price rose 27 percent once Musk belatedly disclosed his stake, the lawsuit said. "During the period that Musk was required to publicly disclose his beneficial ownership but had failed to do so, he spent more than $500 million purchasing additional shares of Twitter common stock," it said.
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.
18h
on MSN
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 ...
2d
on MSN
China Reportedly Considers Elon Musk As Potential TikTok Buyer —Here’s Everything We Know
The app’s availability in the U.S. has been thrown into jeopardy over data privacy and national security concerns.
2d
What We Know About Musk's Ketamine Use
Musk himself has said he uses the drug to treat depression, and he's frequently posted about it on X generally over the years ...
5d
How Elon Musk’s xAI is quietly taking over X
Musk has been using this distribution channel since xAI launched its first version of the Grok large language model, adding ...
2d
Elon Musk Announces Successful Third Implant of Neuralink Brain Chip
Elon Musk revealed that Neuralink's brain-computer device has been successfully implanted in a third patient, with plans for ...
3d
on MSN
Mark Cuban Just Proposed a 20-Minute Daily Habit to ‘Destabilize’ Elon Musk, Mark Zuckerberg, and President Trump
Rank all the billionaires on X and Elon Musk would be first, but Mark Cuban would also be pretty high up. So when Cuban ...
3d
Elon Musk 'reluctant' to talk to MPs despite hundreds of posts about British society
Chi Onwurah, chair of the Commons’ tech committee, has invited Elon Musk to give evidence to MPs for its inquiry into social ...
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