Search results
Results from the WOW.Com Content Network
Following months of endless twists and turns, the $44 billion Twitter saga has finally come to an end and the "bird is freed," as Elon Musk tweeted on Oct. 27. The New York Stock Exchange has...
Elon Musk is being sued by the U.S. Securities and Exchange Commission, claiming he didn't disclose purchases of Twitter stock in 2022 immediately, allowing him to underpay.
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.
On October 5, 2012, Twitter acquired a video clip company called Vine that launched in January 2013. [114] [115] Twitter released Vine as a standalone app that allows users to create and share six-second looping video clips on January 24, 2013. Vine videos shared on Twitter are visible directly in users' Twitter feeds. [116]
On April 4, he announced that he had acquired 9.2 percent of the company's shares totaling $2.64 billion, [8] making him the company's largest shareholder. [9] Following the announcement, Twitter's stock experienced its largest intraday surge since the company's initial public offering (IPO) in 2013, rising by as much as 27 percent. [10]
The SEC lawsuit, filed Tuesday, says that before the Tesla CEO finalized his $44 billion deal to buy Twitter, which he renamed X, he began to buy up shares in the company. By March 2022, when he ...
After more than 3.5 million Twitter accounts supported the sale, Musk sold $6.9 billion of Tesla stock within a week, [146] and a total of $16.4 billion by year end, reaching the 10% target. [147] In February 2022, The Wall Street Journal reported that both Musk and his brother Kimbal were under investigation by the Securities and Exchange ...
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 ...