Search results
Results from the WOW.Com Content Network
The business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake.
The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social ...
Elon Musk is being sued by the U.S. Securities and Exchange Commission over his 2022 Twitter takeover.. The agency alleges that the billionaire failed to disclose his ownership of Twitter stock in ...
The suit, filed in federal court in Washington, D.C., alleges that Musk was required to file a “beneficial ownership” form with the SEC to disclose that he had amassed more than 5% of shares ...
Musk bought Twitter in October 2022 and later renamed it X. Musk started amassing Twitter shares in early 2022, and by March of that year, he owned more than 5%. At this point, the complaint says, he was required by law to disclose his ownership, but he failed to do so until April 4, 11 days after the report was due.
MORE: A timeline of Elon Musk's tumultuous Twitter acquisition "Because Musk failed to timely disclose his beneficial ownership, he was able to make these purchases from the unsuspecting public at ...
Elon Musk completed his acquisition of Twitter in October 2022; Musk acted as CEO of Twitter until June 2023 when he was succeeded by Linda Yaccarino.In a move that, despite Yaccarino's accession, was widely attributed to Musk, [1] [2] Twitter was rebranded to X on July 23, 2023, [3] and its domain name changed from twitter.com to x.com on May 17, 2024.
The US Securities and Exchange Commission sued Elon Musk on Tuesday for failing to properly disclose his ownership of X, then known as Twitter, which allowed him to buy shares of the platform at ...