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Elon Musk is being sued by the U.S. Securities and Exchange Commission, claiming he didn't disclose purchases of Twitter stock in 2022 immediately, allowing him to underpay.
Following months of endless twists and turns, the $44 billion Twitter saga has finally come to an end and the "bird is freed," as Elon Musk tweeted on Oct. 27. The New York Stock Exchange has...
The SEC complaint states that Musk began buying up Twitter shares early in the year. By March 14, Musk owned more than 5% of the company’s outstanding stock, and thus was required to disclose ...
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.
The lawsuit from the SEC against Musk is essentially about him not disclosing his purchase of a large portion of Twitter’s stock in the months before he announced his intention to buy the company.
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Elon Musk is buying Twitter. The CEO of Tesla, SpaceX, Neuralink, and the Boring Company will add another corporate feather to his bejeweled cap, after the social media platform announced Monday ...
The company owns Instagram, its flagship Facebook brand, Threads, WhatsApp and Oculus. Technical difficulties led users to look into Zuckerberg's recent Meta stock sales. Here's what we know.