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SEC Sues Elon Musk Over X Purchase, Says He Acquired Shares at 'Artificially Low Prices'

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The Tesla boss was able to “underpay by at least $150 million” by failing to disclose he built up a 5% stake in Twitter, the SEC claims Elon Musk listens as U.S. President-elect Donald Trump addresses a House Republicans Conference meeting on Capitol Hill on November 13, 2024 (CREDIT: Andrew Harnik/Getty Images) The U.S. Securities and Exchange Commission sued Elon Musk on Tuesday, claiming he committed securities fraud by buying shares of Twitter at “artificially low prices.” Musk did this,

Tag-uri: Twitter Donald Trump

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SEC Sues Elon Musk Over X Purchase, Says He Acquired Shares at 'Artificially Low Prices' https://www.thewrap.com/ - 14.01.2025 23:38
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