SEC sues Elon Musk for failure to disclose growing Twitter stake on time

Quick Summary:

Musk, the world’s richest person, has become one of Donald Trump’s biggest supporters and closest advisors in recent months.

The president-elect has tasked Musk, along with Vivek Ramaswamy, with a broad government cost-cutting initiative; the mega-billionaire has also joined the president-elect in conversations with foreign officials.

Musk also faces investor litigation accusing him of hiding his acquisition of Twitter shares.

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Category: BusinessFinance

Markets: India

Topics: Donald Trump Jr Vice-President Twitter Timothy Graham Queensland University of Technology Views of Elon Musk Representative Influential social media platform Social media platforms The Super Bowl Donald Trump Joe Biden Kamala Harris Philadelphia Eagles Securities and Exchange Commission Monash University Elon Musk TWITTER Mark Andrejevic Presidential election Acquisition of Twitter by Elon Musk Business Support Services (NEC) President SEC Tweet SYDNEY Social media platform Jack Posobiec United States The Wall Street Journal The Washington Post Tucker Carlson America PAC Twitter under Elon Musk Social media posts Alexandria Ocasio-Cortez Bernie Sanders

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 07:33:51 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © Business Standard

News ID: 25166373

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