Billionaire Elon Musk is being probed by the US Securities and Exchange Commission over his 2022 purchase of social media giant Twitter, according to a Thursday (Oct 5) court filing. The regulator is seeking a court order directing Musk to comply with a subpoena to appear for testimony, it said.
FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File PhotoBillionaire Elon Musk is being probed by the US Securities and Exchange Commission over his 2022 purchase of social media giant Twitter, according to a Thursday court filing.
According to the filing, Musk failed to appear for testimony as required, despite agreeing to it at one point. Musk acquired Twitter last year after initially building a large minority stake in the social media platform, which he allegedly failed to disclose in a timely manner.
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