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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.
Musk started buying shares of Twitter, which he later renamed X, in early 2022. By mid-March, he'd acquired ownership of more than 5% of the company's outstanding stock, according to the SEC filing.
The Securities and Exchange Commission 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 ...
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 stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange as well as stock that is only traded privately, such as shares of private companies that are sold to investors ...
The collective mood of Twitter messages has been linked to stock market performance. [27] The study, however, has been criticized for its methodology. The activity in stock message boards has been mined in order to predict asset returns. [28] The enterprise headlines from Yahoo!
To clinch the deal, the three sources of funding (Musk personally, the lenders, and his co-investors) paid roughly $41.2 billion for Twitter’s stock at $54.20 per share including assorted fees ...
The company utilized Twitter's application programming interface (API) to integrate StockTwits as its own "highly graphical platform of market news, sentiment and stock-picking tools." [ 5 ] StockTwits utilized " cashtags " with the stock ticker symbol , similar to the Twitter hashtag , as a way of indexing people's thoughts and ideas about a ...