Twitter stock

Tesla CEO Elon Musk acquired a 9 percent stake in Twitter to become its largest shareholder at a time when he is questioning the social media platform's ...

The SEC also disclosed that it is investigating Musk’s Nov. 6, 2021 tweets that asked followers whether he should sell 10 percent of his Tesla stake. Musk’s revelation about his stake in Twitter shares comes two days after Tesla Inc. posted first-quarter delivery numbers. The funding was far from secured and the electric vehicle company remains public, but Tesla’s stock price jumped. Former President Donald Trump was banned from Twitter and other top social media platforms following the Jan. 6 Capitol riot last year that critics accused him of inciting. The SEC brought a securities fraud charge, alleging that Musk was manipulating the stock price with his posts. Musk could begin advocating for changes at Twitter immediately if he chooses. The ultimate aim of Musk’s 73.5 million share purchase, worth about $3 billion, is not known. It’s unclear just when Musk bought the stake. The SEC responded in a court motion, saying it has legal authority to subpoena Tesla and Musk about his tweets, and that Musk’s move to throw out the settlement is not valid. The purchase also comes as Musk is locked into a bitter dispute with the SEC over his ability to post on Twitter. His lawyer has contended in court motions that the SEC is infringing on the Tesla CEO’s First Amendment rights. Four strikes prompt a weeklong suspension. In March, Musk told his millions of followers on Twitter that he was ” giving serious thought ” to creating his own social media platform, and has clashed repeatedly with financial regulators about his use of Twitter.

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Tesla billionaire Elon Musk has bought a 9.2 per cent stake in Twitter, sending stocks in the online platform soaring. Musk, the richest man in the world w.

The SEC also disclosed that it is investigating Musk's November 6, 2021 tweets that asked followers whether he should sell 10 per cent of his Tesla stake. Musk's revelation about his stake in Twitter shares comes two days after Tesla Inc. posted first-quarter delivery numbers. The funding was far from secured and the electric vehicle company remains public, but Tesla's stock price jumped. Former US President Donald Trump was banned from Twitter and other top social media platforms following the January 6 Capitol riot last year that critics accused him of inciting. The SEC brought a securities fraud charge, alleging that Musk was manipulating the stock price with his posts. The ultimate aim of Musk's 73.5 million share purchase is not known. Musk could begin advocating for changes at Twitter immediately if he chooses. The SEC responded in a court motion, saying it has legal authority to subpoena Tesla and Musk about his tweets, and that Musk's move to throw out the settlement is not valid. It's unclear just when Musk bought the stake. Four strikes prompt a weeklong suspension. The purchase also comes as Musk is locked into a bitter dispute with the SEC over his ability to post on Twitter. His lawyer has contended in court motions that the SEC is infringing on the Tesla CEO's First Amendment rights. In October of 2018, Musk and Tesla agreed to pay US$40 million in civil fines and for Musk to have his tweets approved by a corporate lawyer after he tweeted about having the money to take Tesla private at US$420 per share.