Musk spent about $2.6 billion on Twitter stock — a fraction of his estimated wealth of $265 billion, the largest individual fortune in the world. In a regulatory filing Monday, Musk disclosed he may increase his stake after backing out of an agreement reached last week to join Twitter’s board of directors.
Jacob Walker, one of the lawyers that filed the lawsuit against Musk, told The Associated Press that he hadn’t reached out to the Securities and Exchange Commission about Musk’s alleged violations about the disclosure of his Twitter stake. "I assume the SEC is well aware of what he did," Walker said.Tesla CEO Elon Musk is pictured as he attends the start of the production at Tesla's"Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin.
The SEC and Musk have been wrangling in court since 2018 when Musk and Tesla agreed to pay a $40 million fineo settle allegations that he used his Twitter account to mislead investors about a potential buyout of the electric car company that never materialized.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Twitter CEO: Elon Musk will not join Twitter boardTesla CEO Elon Musk, who recently bought a large stake in Twitter, has decided not to join the social media company's board.
Weiterlesen »
Twitter stock rises as Elon Musk mulls next moveTesla CEO Elon Musk declined to join Twitter's board of directors, the social media company's chief executive announced Sunday.
Weiterlesen »
Twitter CEO says Elon Musk will not join its board of directorsIn a tweet Sunday night, Twitter Chief Executive Parag Agrawal said Musk "has decided not to join our board."
Weiterlesen »
Elon Musk will not join Twitter board after all | Digital TrendsElonMusk has decided not to take a seat on Twitter's board, the company's CEO said on Sunday, adding that 'this is for the best.'
Weiterlesen »
Elon Musk Decides Against Joining Twitter Board of Directors After Being Subjected to Background CheckDespite having become Twitter's largest shareholder earlier this month, Elon Musk won't be joining [...]
Weiterlesen »
Twitter CEO Says Elon Musk Will Not Join Board of DirectorsBillionaire Elon Musk will no longer be joining Twitter’s board of directors per CEO Parag Agrawal, who tweeted the news.
Weiterlesen »