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2 days ago · The idea that Musk "engaged in intentional securities fraud in order to save $200 million is illogical in light of Musk’s eventual $44 billion purchase of Twitter," Musk's court filing said. "It ...
1 day ago · Elon Musk seeks to dismiss lawsuit from former Twitter shareholders over delayed stake disclosure. Shareholders claim he saved $200 million by waiting to reveal his 9.2% ownership. Musk denies fraud allegations, stating it was a mistake. SEC also looked into his Twitter stock purchases. Lawsuit led by Oklahoma pension fund.
1 day ago · The investors argued that this delay allowed Musk to purchase more shares at lower prices, resulting in savings of over $200 million. Following Musk's disclosure of his 9.2% stake on April 4, 2022 ...
2 days ago · NEW YORK : Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying ...
Investors in proposed class action said Musk knew a rule required him to disclose by March 24, 2022 that he bought 5% of Twitter, yet he waited another 11 days. Elon Musk wants to dismiss a ...
5 days ago · As Elon Musk’s public persona has become increasingly right wing, Tesla appears to be paying a price in lost sales. ... Some were upset by the way Mr. Musk has managed Twitter, now called X ...
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2 days ago · Musk has been looking to prioritize his entrance into the AI race and Grok's deep integration into X at the AI chatbot's launch gave it a built-in user base. Grok's stumbles
