U.S. SEC looking into Musk's Twitter stake purchase

The U.S. Securities and Exchange Commission is looking into Tesla Chief Executive Officer Elon Musk's early Twitter stake, according to a letter the agency sent to him in April

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5/28/2022 11:45:00 AM

The U.S. Securities and Exchange Commission is looking into Tesla Chief Executive Officer Elon Musk's early Twitter stake, according to a letter the agency sent to him in April

The U.S. Securities and Exchange Commission (SEC) is looking into Tesla Chief Executive Officer Elon Musk's disclosure of his stake in Twitter Inc in early April, according to a letter the agency sent to him that month.

RegisterWASHINGTON, May 27 (Reuters) - The U.S. Securities and Exchange Commission (SEC) is looking into Tesla Chief Executive Officer Elon Musk's disclosure of his stake in Twitter Inc(TWTR.N)in early April, according to a letter the agency sent to him that month.

In the letter, now made public by the SEC, the regulator asks Musk why it appears he did not file required paperwork within 10 days of the acquisition, and also questions why, when Musk did disclose his stake, he used a form meant for passive investors while he was openly questioning Twitter's policies around free speech.

Read more: Reuters »

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Yeah, because the guy is definitely not a massive gobshite. This shitbird takes over Twitter, I delegate my account!

Twitter shareholders sue Elon Musk and Twitter over chaotic dealSince Musk's acquisition bid, Twitter's share price has dropped more than 12%, and Tesla's is down about 28% as part of a broad sell-off in tech stocks.

Elon Musk faced SEC questions over his timing in disclosing Twitter stakeElon Musk has faced questions from the US Securities and Exchange Commission about how and when he disclosed his large stake in Twitter last month, prior to agreeing to buy the social media company. See politicians Just go crazy when someone Overtakes any social media platform !!! they want full control over it by any means necessary !! Just like Mark Assberg ! Elon John The left has started its job of smearing anyone who has different thinking ….

Twitter Shares Soared as Musk Increased his Personal Stake in the DealTWTR spiked more than 6% following the news that Elon Musk increased his personal financial commitment to the Twitter deal.

Twitter shareholders accuse Musk of manipulating stock amid $44B takeover bidTwitter shareholders allege Musk is playing fast and loose with his $44B takeover plan. A group of shareholders has sued Musk in a California federal court. It went up and stayed up after... hater gonna hate.. even on themselves apparently. I am a shareholder and I did not accuse Elon , in fact I am for Elon Lol manipulating? Minor leagues. Come look look at the price of $silver and $gold

Twitter shareholders sue Musk, say he ‘deflated’ stock priceTwitter shareholders have filed a lawsuit accusing Elon Musk of engaged in “unlawful conduct” aimed at sowing doubt about his bid to buy the social media company. I love have making an offer on something and not following thru becomes unlawful Ummm they should look at the market. Everything is down. If they want to sue someone sue the guy that’s been tanking our economy since he took office.

Elon Musk revises Twitter financing plan to include more equityElon Musk has revised the financing plan for his proposed $44 billion purchase of Twitter, raising investor hopes that the unpredictable billionaire still intends to pull off a deal. ... because there's nothing like raising investors' hopes than uncertainty. 🤦‍♂️ The BBC just reported that an investor has just filed a class action suit against Musk and Twitter for market manipulation. The claim is Musk's conflicting messages are a deliberate attempt to de-value Twitter stock in order to purchase Twitter at a discount.