Elon Musk Denies Defrauding Twitter Investors During Takeover & Saving Millions Through Late Filing

Claudio Ctin3 months ago1 mins

In a late night Wednesday filing, Twitter (now X) owner Elon Musk denied any ill intent in failing to inform the Securities and Exchange Commission (SEC) that he had acquired a substantive stake in the social media firm prior to taking it private. Musk’s Twitter acquisition was filled with twists and turns, with the billionaire initially trying to stop the deal before signing up with a consortium of investors to take a multi billion dollar stake in the company. He is currently being sued by former shareholders who allege that Musk’s late disclosure led them to miss out on profit […]

Read full article at https://wccftech.com/elon-musk-denies-defrauding-twitter-investors-during-takeover-saving-millions-through-late-filing/

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