SEC Sues Elon Musk For Buying ‘Artificially Low’-Priced Twitter Stock. His Critics Agreed He Overpaid

President Biden’s Securities and Exchange Commission (SEC) announced Tuesday that it will take action against Elon Musk for allegedly underpaying him for his Twitter stock. Mr. Musk’s critics gloat that his acquisition was a gross overpayment. The SEC enforcement action accuses Musk of violating beneficial ownership reporting requirements when he purchased $500 million worth of […]

Elon Musk sued by SEC over late 2022 disclosure of Twitter stake

The U.S. Securities and Exchange Commission on Tuesday sued Elon Musk for failing to timely disclose that he bought more than 5% of Twitter stock in 2022, before he took over the social media company. The lawsuit, filed in federal court in Washington, accuses Musk, who was selected by President Trump to co-direct the so-called […]

Biden Faces The Nation Four Days After Dropping Out Via Twitter

President Joe Biden on Wednesday delivered his first public address to the nation since abruptly dropping out of the presidential race four days ago. Biden, who has not been seen in public since July 17 because of COVID-19, announced he was withdrawing from the presidential race in a letter posted to Twitter on Sunday. The […]

Former Twitter Executives Sue Elon Musk Over Severance

Four former Twitter executives filed a lawsuit against Elon Musk on Monday, seeking more than $128 million in unpaid severance pay. The plaintiffs, including Para Agrawal, former X CEO Ned Segal, Vijaya Gadde and Sean Ejit, allege that their terminations were unfairly framed as gross negligence or willful misconduct. according to To The Hollywood Reporter […]