US regulators scrutinise Musk's Twitter stock buys

NEW YORK - US market authorities have asked Elon Musk to explain an apparent delay in reporting his Twitter stock buys, the agency revealed Friday, the latest questions on the methods and intent of his troubled bid for the platform.

He went on to ink a $44-billion deal to buy the San Francisco-based company but has since given mixed signals regarding how committed he is to following through.The Securities and Exchange Commission letter to Musk showed regulators asked him to explain why he didn't disclose within a required 10-day time period his increased stake in Twitter, especially if he planned to buy the company.

The Tesla chief is a frequent Twitter user, regularly firing off inflammatory and controversial statements about issues or other public figures with remarks that are whimsical or business-focused. Musk has cited the right to freedom of speech as a driver of his efforts to undo an agreement with the SEC that tightened his use of the social media platform following his August 2018 tweet that funding was"secured" to take Tesla private.Musk also faces a lawsuit filed this week accusing him of pushing down Twitter's stock price in order to either give himself an escape hatch from his buyout bid, or room to negotiate a discount.

Source: News Formal (newsformal.com)

priorities seem messed up. scrutinize musk for ... but fail to scrutinize their own continued fail RE: Gun Laws and Mass killings thru their weak gun laws... wow im speechless

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