Elon Musk settles SEC lawsuit for $1.5 million over Twitter share purchases


Tesla CEO Elon Musk agreed to pay a $1.5 million fine in a settlement with the Securities and Exchange Commission over allegations that in 2022 he cost Twitter shareholders $150 million by being late to disclose that he was amassing shares in the social network. Musk went on to acquire the company for $44 billion in late 2022 and renamed the service as X.



Source link

  • Related Posts

    Appeals Court Upholds Block on Trump Ballroom Construction

    President Trump cannot continue building the ballroom he planned as a replacement to the East Wing of the White House without explicit approval from Congress, a federal appeals court panel…

    The U.S. lost 23,000 jobs in July, government data showed.

    The U.S. economy unexpectedly lost jobs in July, demonstrating a wobbly labor market as shoppers continued to withstand a surge of inflation set off by the Iran war. The U.S.…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Sen. Cassidy announces he will support Blanche’s nomination as attorney general

    Sen. Cassidy announces he will support Blanche’s nomination as attorney general

    FAA Eases SFO Landing Ban After 41% Of Flights Delayed

    FAA Eases SFO Landing Ban After 41% Of Flights Delayed

    Police and prosecution errors left proven sex offender free to murder two women in London | Crime

    Police and prosecution errors left proven sex offender free to murder two women in London | Crime

    FAA orders crack inspections for hundreds of Boeing 737 Max jets

    FAA orders crack inspections for hundreds of Boeing 737 Max jets

    Are USB Flash Drives Becoming Obsolete?

    Are USB Flash Drives Becoming Obsolete?

    The Cracked Crystal Ball II: Poilievre’s Plummeting Polling

    The Cracked Crystal Ball II: Poilievre’s Plummeting Polling