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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 ...
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.
The deal was closed on October 28, with Musk immediately becoming Twitter's new owner and CEO. Twitter was taken private and merged into a new parent company named X Corp. Musk promptly fired several top executives, including previous CEO Parag Agrawal. Musk has since proposed several reforms to Twitter and laid off half of the company's ...
The Twitter Files are a series of releases of select internal Twitter, Inc. documents published from December 2022 through March 2023 on Twitter. CEO Elon Musk gave the documents to journalists Matt Taibbi , Bari Weiss , Lee Fang , and authors Michael Shellenberger , David Zweig and Alex Berenson shortly after he acquired Twitter on October 27 ...
Elon Musk might be in charge of the business of Grok, but the artificial intelligence has seemingly gone into business for itself, labeling Musk as one of the worst offenders when it comes to ...
[27] [28] In November 2023, G/O Media announced it was laying off 23 people across Kotaku and the company's other websites. [ 29 ] [ 30 ] Jen Glennon resigned her position as editor in March 2024, citing an opposition to G/O Media's desire for the site to deprioritize news and instead focus on producing game guides.
An earnings call is a teleconference, or webcast, in which a public company discusses the financial results of a reporting period ("earnings guidance"). The name comes from earnings per share (EPS), the bottom line number in the income statement divided by the number of shares outstanding.
When a stock falls after a quarterly report, it can sometimes be a great buying opportunity. Those initial sell-offs can turn into overreactions, so if the company's fundamentals remain strong ...