CELEBRITY
The SEC has charged Elon Musk, accusing him of defrauding Twitter shareholders of over $150 million.
The SEC has charged Elon Musk, accusing him of defrauding Twitter shareholders of over $150 million.
Elon Musk, the billionaire entrepreneur behind companies like Tesla and SpaceX, is facing serious allegations from the U.S. Securities and Exchange Commission (SEC). The SEC has charged Musk with defrauding Twitter shareholders of more than $150 million during his attempt to acquire the social media platform in 2022. The charges focus on Musk’s delay in disclosing his substantial stake in Twitter, which the SEC claims allowed him to acquire shares at artificially low prices, ultimately harming investors.
The SEC’s complaint centers on a crucial period in Musk’s 2022 Twitter acquisition. By March of that year, Musk had acquired a 9% stake in the company, far surpassing the 5% threshold that triggers a mandatory public disclosure under U.S. law. The SEC contends that Musk failed to report this purchase within the required 10-day window, which resulted in a surge in Twitter’s stock price by 27% once his stake became public.
According to the SEC, Musk’s delayed disclosure allowed him to buy shares at prices that were artificially low. Investors who sold their shares during this period, unaware of Musk’s growing involvement, did so at a disadvantage, suffering financial losses as a result. The SEC argues that this violation of securities law led to significant harm for the shareholders who were affected
BREAKING: The temporarily acting supreme leader of Iran, Ayatollah Arafeh, was killed after new strikes on Tehran, according to Israeli media. He was appointed this morning to replace Khamenei, who was also killed yesterday in strikes by the US and Israel…
During President Trump’s tenure, U.S. energy policy has largely treated oil as a pillar of economic security and geopolitical influence…
News update : The viral image circulating online depicts a striking and enigmatic scene: a humanoid figure standing beside what appears to be a large, landed craft positioned near a prominent government building…
Breaking : Dear Republicans, Listen to me VERY closely… Bring Barack Obama in for questioning. Subpoena him NOW! Why did he secretly send Iran $1.7 BILLION IN CASH, pallets of unmarked bills flown in the dead of night—straight to the Ayatollah regime That money went right into the hands of the world’s leading state sponsor of terrorism…
PRESIDENT TRUMP: “I have just been informed that we have destroyed and sunk 9 Iranian Naval Ships, some of them relatively large and important.” “In a different attack, we largely destroyed their Naval Headquarters. Other than that, their Navy is doing very well!”
STREET CELEBRATION: Crowds across Europe, the U.S., and Australia were seen cheering and waving flags after news broke that the U.S. and Israel had launched strikes on Iran and that Supreme Leader Ayatollah Ali Khamenei had been killed.
BREAKING: Iran’s supreme leader Ali Khamenei is dead after U.S. and IDF strike…
NEW: A U.S. official tells Fox News the strikes on Iran are expected to last for days — not just a few hours. The official and another source also confirmed to Fox News that there were no casualties from Iran’s strike on a U.S. Navy base in Bahrain. The missile hit an empty warehouse.
MIDEAST DIPLOMACY: White House press secretary Karoline Leavitt announced President Trump has spoken with numerous Middle East leaders following the joint US-Israel attack on Iran.
NEW: DHS Secretary Kristi Noem says she is in direct coordination with federal intelligence agencies on potential threats to the U.S. following joint strikes on Iran…
NEW: An FBI official tells Fox News that counterterrorism and counterintelligence teams are on elevated alert nationwide following coordinated U.S.-Israel airstrikes on Iran…
