Elon Musk is video tudung lucahreportedly being investigated by the Securities and Exchange Commission over failure to disclose his significant purchase of Twitter stocks within the mandated time frame. According to The Wall Street Journal, this delay may have saved him over $143 million.
The Wall Street Journalreports that Tesla's CEO and Twitter's imminent owner is in trouble with the SEC yet again, with the federal government scrutinising Musk's investment in Twitter earlier this year. Under the Securities Exchange Actof 1934, investors who acquire over 5 percent of a publicly traded company are required to file a report notifying the SEC within 10 days of the acquisition. Musk bought enough Twitter shares to pass this 5 percent threshold on March 14, putting the deadline for disclosure at March 24.
However, rather than notifying the SEC of his shiny new Twitter stocks, Musk waited until the deadline passed before buying even more shares, putting his stake at 9.2 percent. The billionaire only filed his report with the SEC on April 4, 11 days after he was required to do so for the first purchase.
Twitter's stock price predictably shot up after Musk's disclosure, closing 27 percent higher on the first day as the market took notice of his interest in the microblogging platform. Musk's delay in disclosing thus gave him a window to purchase additional shares at a lower price than it would have otherwise sold for — an opportunity he took full advantage of.
Musk's tardiness and subsequent gain also came at a cost to other traders. In April, the billionaire became the subject of a proposed class action brought by former Twitter shareholders, who had sold their shares between the date Musk was obligated to report his stake and the date on which he actually did.
It isn't clear what consequences Musk might face if the SEC does decide to take action against him. But whatever it is, chances are he and his $224 billion net worth will just shrug it off. After all, Musk hasn't shown much respect for the SEC nor contrition for his actions in the past.
Topics X/Twitter Elon Musk
Gardena DOR Focuses on Women in Camp
'The American Society of Magical Negroes' review: A satirical near
Apple to launch a new, 'mid
Elon Musk's X suspends users who post alleged name of alt
JACL: Citizenship Question Has No Place on 2020 Census
How to spot AI
Wordle today: The answer and hints for March 13
'Satanic Hispanics' review: A mixed bag of trick
Montebello
AI shows clear racial bias when used for job recruiting, new tests reveal
Schedule of Events at Manzanar During Pilgrimage Weekend
16 best tweets of the week, including ship memes, March Madness, and gribbles and scrumps
Nvidia's next
Powerful 'New Yorker' cover captures Asian American fears amidst hate crimes
Schedule of Events at Manzanar During Pilgrimage Weekend
How to watch the Microsoft Surface event 2024
Amazon Big Spring Sale unlocked phone deals: Save on Google Pixel and Samsung Galaxy
Why do I feel lonely when I have friends?
Huizar, DTLA Forward Announce $5.3 Million in Street Improvements Coming to Little Tokyo
Nvidia's next
SpaceX will launch a secret Air Force space plane in AugustApple is investing $1 billion in clean energy with this unique approachFriend is the new AI companion that social media believes is beyond parodyGoogle pulls 'Dear Sydney' Gemini AI ad after online backlashNYT Strands hints, answers for August 2OpenAI rolls out ChatGPT's new Voice AI (without Scarlett Johansson mode)Google Maps' new feature will show you where to parkShop Echo devices at their lowest prices at Best Buy5 online services to get help with homeworkCurious wild seal checking out a snorkeler is amazing and nerve A tiny star gave birth to an absolute giant. Scientists are puzzled. Scientists just excavated an unprecedented specimen from Antarctica China’s GAC starts operations at new Indonesia EV plant · TechNode Scientists spotted a giant comet spewing gas 2 billion miles from sun From Ian to Helene to Milton: Extreme weather is anything but 'natural' Fashionable Nonsense Scores and Transgressions Wimbledon 2025 livestream: How to watch Wimbledon for free Celestron telescopes on sale: Save up to 39% Don't Buy a GPU Now: Wait for Next
0.1448s , 10104.5390625 kb
Copyright © 2025 Powered by 【video tudung lucah】Enter to watch online.Twitter shareholder Elon Musk is reportedly being investigated by the SEC. Again.,Global Hot Topic Analysis
