SEC Strikes Elon Musk with a Lawsuit Over Delayed Twitter Stake Disclosure!
The SEC is taking Elon Musk to court for supposedly sitting on his Twitter acquisition news longer than legally allowed. The suit alleges Musk saved $150 million by delaying the disclosure of his stake increase from 5% to 9%, causing a stock price boom post-announcement. Musk's response? Classic defiance, labeling the case frivolous and a harassment tactic. Get ready for a courtroom showdown!
Jan 17