GW on Nostr: SEC Accuses Elon Musk Of Buying Up Twitter Stock At Deflated Price The Securities and ...
SEC Accuses Elon Musk Of Buying Up Twitter Stock At Deflated Price
The Securities and Exchange Commission has filed a lawsuit against Elon Musk alleging that in the lead-up to his acquisition of Twitter in 2022, he illegally failed to disclose he’d amassed a large portion of stock in the company ― allowing him to buy more shares of the platform at “artificially low prices.”
“In total, Musk underpaid Twitter investors by more than $150 million for his purchases”
https://www.huffpost.com/entry/elon-musk-sec-lawsuit-twitter_n_6786facee4b009ff25909dff
The Securities and Exchange Commission has filed a lawsuit against Elon Musk alleging that in the lead-up to his acquisition of Twitter in 2022, he illegally failed to disclose he’d amassed a large portion of stock in the company ― allowing him to buy more shares of the platform at “artificially low prices.”
“In total, Musk underpaid Twitter investors by more than $150 million for his purchases”
https://www.huffpost.com/entry/elon-musk-sec-lawsuit-twitter_n_6786facee4b009ff25909dff