Musk delays disclosure of Twitter stake in SEC probe

The WSJ, citing sources, reported that the SEC is investigating Musk’s delay in disclosing his large Twitter stake in April. (Reuters)

The Wall Street Journal, citing sources, reported that the Securities and Exchange Commission (SEC)TeslaCEOmuskIt’s late April to reveal that they organized a bigTwitterShares have been scrutinized.

Musk revealed on the 4th of last month that he owns 9.2% of Twitter’s shares and has become Twitter’s largest shareholder. He announced the acquisition of Twitter a week later for $44 billion. The SEC and Musk have not responded to Reuters requests for comment.

News Agency Information previously reported that the Federal Trade Commission (FTC) is investigating whether Musk violated a rule that requires businesses and individuals to notify antitrust enforcement agencies of certain large transactions. it occurs.

musk twitter tesla

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