The Securities and Exchange Commission confirmed it has asked Elon Musk about the delay in disclosing his purchase of a stake in Twitter.
In …
The Securities and Exchange Commission confirmed it has asked Elon Musk about the delay in disclosing his purchase of a stake in Twitter. In a letter dated April 4 but only published by the SEC on Friday, Musk is asked a series of questions about his stake in the social media platform that he has offered to buy for $44 billion. Musk revealed a 9.2% stake in Twitter on April 4, the same day the letter was sent by the SEC, sending the company’s share price soaring. He joined the board a day later, before reversing that decision ahead of his $54.20 a share bid for Twitter that was accepted by the board. The regulator highlighted Musk’s « 13G » schedule from his initial filing to state he had purchased more than 73 million shares on March 14.
