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“In total, Musk underpaid Twitter investors by more ... “Investors who sold Twitter common stock during this period did so at artificially low prices and thus suffered substantial economic ...

The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.

The financial regulator wants Musk to pay a civil penalty and remedies over alleged “unjust enrichment” ahead of his 2022 purchase of the social network.

The US Securities and Exchange Commission is suing Elon Musk, the owner of social media site X, alleging the world's richest man held off declaring his substantial purchase of Twitter shares in 2022.

Twitter’s stock plummets after shortfall on ad revenue and earnings Users grew a healthy 17%, but Twitter's advertising revenue fell short in Q3 2019. Twitter’s stock flies to two-year high ...

The SEC sued Elon Musk, accusing the X owner of failing to properly disclose his purchases of Twitter stock in 2022.

When he finally disclosed his 9% stake in Twitter, the stock price jumped 27% off the previous close. A delay, the SEC says, lettered Musk to profit on artificially low prices as others ...

“That day, Twitter’s stock price increased more than 27% over its previous day’s closing price,” the SEC said. The lawsuit comes just days before the SEC is expected to change ...

The Securities and Exchange Commission has filed a lawsuit against Elon Musk alleging that in the lead-up to his acquisition of Twitter in 2022, he illegally failed to disclose he’d amassed a large ...

Investors who sold Twitter common stock during this period did so at artificially low prices and thus suffered substantial economic harm.” Moreover, the suit alleges, Musk and his ...