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Reading: Elon Musk is being sued by the feds over the way he bought Twitter
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Dubai News Club > Tech > Elon Musk is being sued by the feds over the way he bought Twitter
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Elon Musk is being sued by the feds over the way he bought Twitter

Press Room
Last updated: 2025/01/15
Press Room
Published: January 15, 2025
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Elon Musk’s acquisition of Twitter has resulted in a federal lawsuit by the Securities and Exchange Commission alleging that he broke securities laws with a late disclosure, and saved $150 million in the process.

It all starts before Musk agreed to buy Twitter for $44 billion, before he tried to back out of that deal, before he was forced to go through with it, and before he changed its name to X, when he acquired a substantial stake by buying shares of the company on the open market.

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