Elon Musk has the SEC breathing down his neck, but meanwhile, a well-known Musk ally will stay on Twitter’s board despite a vote to originally boot him.
sent to Musk April 4 that asked for clarification on multiple discrepancies found in Musk’s original shares purchases. The letter stated that Musk failed to disclose his stake at the correct time.
More than that, the agency is questioning whether Musk was right to purchase the stock as a mere passive investor if he was originally planning to buy out the company. The letter points out the world’s richest billionaire had been constantly tweeting about whether Twitter adhered to his own definition of “Mind you, this latest reveal comes just a few weeks after it came to light the SEC was probing Musk forof his original Twitter shares purchases.
over the improper way he announced his plans to take Tesla private in 2018. $40 million later, Musk was required to put any tweets dealing with buying stock past a lawyer before posting.
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