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The Securities and Exchange Commission sued Elon Musk in federal court on Tuesday for allegedly misleading shareholders when he bought hundreds of millions of dollars worth of Twitter stock in ...
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.
After purchasing Twitter, now named X, Elon Musk made a change to the blue checkmark verification system. The checkmark became a part of the X Premium subscription, with users able to pay $8 a ...
Twitter's stock was trading at $42.81 at noon on Tuesday, down from the $52.29 high it hit the day the Musk deal was announced. Alexis Keenan is a legal reporter for Yahoo Finance. Follow Alexis ...
Character Limit chronicles the rise and fall of Twitter after Elon Musk's tumultuous $44-billion-dollar acquisition. The book showcases Musk's volatility, highlighting the actions that led to the company's drastic devaluation and the resurgence of unmoderated hate-speech, misinformation, and white nationalism on the platform.
In a complaint filed in Washington, D.C. federal court, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5% of Twitter's common shares.
Twitter now looks uninvestable as Elon Musk says no deal. More on that, and what else to watch in markets on Monday, July 11, 2022. Elon Musk has turned Twitter into dead money: Morning Brief [Video]
Yahoo Finance's Ines Ferre breaks down Tesla CEO Elon Musk's motivations and goals in purchasing Twitter after he offered to buy the social platform for $54.20 per share. Why Elon Musk is offering ...