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Elon Musk is being sued by feds over way he bought Twitter
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.
Elon Musk is being sued by the feds over the way he bought Twitter
The SEC claims Musk cost investors at least $150 million due to the late disclosure and that he harmed any investors who sold stock between March 25th, 2022, and April 1st, 2022.
SEC sues Elon Musk, saying he didn’t disclose Twitter ownership on time before buying it
The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site.
6h
on MSN
US markets watchdog sues Musk over Twitter stake disclosure
Musk ended up buying Twitter for $44bn in October 2022 and has since changed the platform's name to X. The complaint was ...
15h
on MSN
Here’s How Much Elon Musk Could Buy TikTok For—As China Reportedly Eyes Deal
Reports about Chinese officials eyeing Musk as the buyer of TikTok’s U.S. operations are “not a total shock” given Musk’s ...
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