Tuesday, February 13, 2024

Musk ordered to testify again in SEC investigation of Twitter takeover

The action dates back to a notorious 2018 tweet in which Musk said "funding secured" when he was attempting to take Tesla private. 

Regulators claimed that was a breach of a securities laws that prohibit publicly traded companies from announcing plans to buy or sell securities if executives don't intend to complete, don't have the means to complete, or are trying to manipulate the stock price...

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