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The U.S. Securities and Exchange Commission has given Elon Musk until Monday to respond to an offer to resolve a probe into the billionaire's $44-billion takeover of Twitter in 2022, a source ...
Twitter, Inc. was an American social media company based in San Francisco, ... or $54.20 a share; [16] ... and the selling price was reported at $1.05 billion. [50]
Gensler launched the SEC's investigation into Musk's Twitter share acquisitions and disclosures in April 2022. Whether Musk will need to defend the lawsuit will depend on the the will of the SEC ...
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The price of $54.20 per share is believed to be a reference to 420, a slang term in cannabis culture for marijuana consumption. [25] On April 15, Twitter's board of directors announced a "poison pill" strategy which would allow shareholders to purchase additional stock in the event of a hostile takeover; the plan expired on April 14, 2023. [26]
Twitter, officially known as X since 2023, is a social networking service.It is one of the world's largest social media platforms and one of the most-visited websites. [4] [5] Users can share short text messages, images, and videos in short posts commonly known as "tweets" (officially "posts") and like other users' content. [6]
The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.