Will investigate Elon Musk’s Twitter purchase – news Urix – Foreign news and documentaries

Elon Musk bought shares in the social media platform Twitter in early 2022. Later in the year, he bought the Twitter platform for 44 billion dollars, which corresponds to around 400 billion Norwegian kroner. The Financial Supervisory Authority (SEC) states that it will investigate Musk for his disclosure of the purchase of Twitter shares. It appears in court papers from the supervisory authority on Thursday. The investigation concerns whether Musk has broken federal securities laws in connection with his purchases of Twitter shares in 2022. As well as statements and SEC documents he made in relation to the agreement, writes the Reuters news agency. The authority asks the court to order Musk to appear to testify. Musk is said to have said he would run, but he did not. – Finanstilsynet has already heard Musk’s testimony several times in this investigation, which is on the wrong track. Enough is enough, says Musk’s lawyer Alex Spiro in a statement. In July of this year, Elon Musk changed the name of Twitter to X. Considering a lawsuit On Monday, it became known that a judge opened to consider a lawsuit against Musk on the matter. There, Musk is accused of having misled the shareholders of Twitter because he waited too long to make public that he had invested in the company, which he later took control of. Musk is being sued by former shareholders who believe that he only provided information that he had bought 5 percent of the shares in the company, eleven days after the deadline for informing about it. The shareholders believe they eventually had to sell their shares at artificially low prices as Musk kept his plans under wraps. Musk’s lawyers then argued that their client was one of the world’s busiest people, and that it was just a slip-up. Also in 2018, Musk was in trouble with the US Financial Supervisory Authority. Then he wrote on Twitter that he had enough funds to buy out other Tesla shareholders and take the company Tesla off the stock exchange. That led to a round in court, where Musk was acquitted. – Thank God, the wisdom of the people has prevailed, Elon Musk wrote on Twitter/X after the ruling that came in February this year.



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