Skip to content
Home » Judge: Elon Musk Must Testify in Twitter Purchase SEC Probe – Entrepreneur

Judge: Elon Musk Must Testify in Twitter Purchase SEC Probe – Entrepreneur

Judge: Elon Musk Must Testify in Twitter Purchase SEC Probe – Entrepreneur

Elon Musk has been ordered to testify in the U.S. Securities and Exchange Commission (SEC) probe over his purchase of Twitter (now X) in October 2022.The SEC is looking into whether or not Musk committed securities fraud when he started sweeping up Twitter stock to build a stake in the social media platform before purchasing it.The acquisition cost Musk an estimated $44 billion.Related: Tesla Reveals It Received a Subpoena After Elon Musk TweetOn Saturday, California Federal Court Judge Laurel Beeler ruled that the SEC was “within its authority” to subpoena the billionaire and set a one-week deadline for Musk and the… 

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *