Musk sued over buying Twitter shares at artificially low prices by US finance regulator
Elon Musk is being sued for failing to disclose his purchase of more than 5% of Twitter stock in a timely fashion.
Sky News
Twitter, Inc. was an American social media company based in San Francisco, California, which operated and was named for its flagship social media network prior to its rebrand as X. In addition to Twitter, the company previously operated the Vine short video app and Periscope livestreaming service. In April 2023, Twitter merged with X Holdings and ceased to be an independent company, becoming a part of X Corp.
Elon Musk is being sued for failing to disclose his purchase of more than 5% of Twitter stock in a timely fashion.