Elon Musk’s Twitter Acquisition Under SEC’s Investigation

Published By- The Qualts Published Date- 06 Oct 2023

Elon Musk's Twitter Takeover

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SEC's Compelling Testimony

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May 2022 Probe

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Failed Testimony

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SEC's Filing

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Ongoing Conflict

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Musk's Criticism

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Legal Troubles

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Expert Opinion

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Next: OpenAI is Introducing New Voice and Image Capabilities in ChatGPT.

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Elon Musk’s Twitter Acquisition Under SEC’s Investigation

Elon Musk's Twitter Takeover

In 2022, Elon Musk acquired Twitter for $43 billion, making headlines.

SEC's Compelling Testimony

The SEC is now investigating Musk's Twitter acquisition and has been trying to get him to testify, which he has been delaying.

May 2022 Probe

The SEC started investigating Musk's Twitter acquisition in May 2022 to ensure compliance with security laws.

Failed Testimony

Musk initially agreed to testify on September 15 but later backed out, citing objections.

SEC's Filing

The SEC reported that Musk rejected alternative testimony dates and accused the SEC of harassment.

Ongoing Conflict

Musk and the SEC have had conflicts since his 2018 tweet about taking Tesla private.

Musk's Criticism

Musk has criticized the SEC and called for regulatory reform in a recent post.

Legal Troubles

Skipping testimony adds to Musk's legal troubles, including DOJ inquiries into Tesla's self-driving claims and corporate benefits.

Expert Opinion

Former SEC employee Howard Fischer finds Musk's decision to skip testimony remarkable.

Next: OpenAI is Introducing New Voice and Image Capabilities in ChatGPT.