US markets watchdog sues Musk over disclosure of Twitter stake

Last updated: January 15, 2025 12:17 pm

By MT HANNACH

Add a Comment

1 Min Read

Disclosure: This website may contain affiliate links, which means I may earn a commission if you click on the link and make a purchase. I only recommend products or services that I personally use and believe will add value to my readers. Your support is appreciated!

The U.S. Securities and Exchange Commission has filed a lawsuit against Elon Musk for failing to disclose his 5% stake in Twitter in a timely manner in early 2022, ahead of his takeover of the platform later that year . The SEC claims this created an artificially low stock price that deprived Twitter shareholders of $150 million. Musk’s lawyer called the case a “sham.” Also in this edition: We see how Mexico is preparing for Trump’s second term and the looming threat of tariffs.