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.



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