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In a complaint filed in Washington, D.C. federal court, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5% of Twitter's common shares.
A court filing unmasked the 100 investors in Elon Musk's X: a Saudi prince, major VCs, Diddy, and Jack Dorsey ... 22, 2024 at 8:42 AM. Elon Musk started buying Twitter shares in January 2022 ...
Billionaire Elon Musk appears to have revealed that the Securities and Exchange Commission issued him a "settlement demand," sharing the news in a post on his social media platform, X. Musk on ...
The business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake.
Are you an X employee or someone with insight or a tip to share? Contact Kali Hays securely through Signal at +1-949-280-0267 or at kali.hays@fortune.com. This story was originally featured on ...
It revealed its prospectus in an 800-page filing. [195] Twitter planned to raise US$1 billion as the basis for its stock market debut. [196] The initial public offering (IPO) filing states that "200,000,000+ monthly active users" access Twitter and "500,000,000+ tweets per day" are posted.