Elon Musk’s Strategic Delay in Disclosing His Initial Stake in Twitter Has Now Drawn the Ire of the SEC and the FTC

Elon Musk’s Strategic Delay in Disclosing His Initial Stake in Twitter Has Now Drawn the Ire of the SEC and the FTC

2 years ago
Anonymous $dy9SWuvIkX

https://wccftech.com/elon-musks-strategic-delay-in-disclosing-his-initial-stake-in-twitter-has-now-drawn-the-ire-of-the-sec-and-the-ftc/

Another day brings another twist in the seemingly endless saga of Elon Musk's Twitter (NYSE:TWTR) takeover bid, which now oozes nail-biting suspense worthy of a Latin telenovela.

Readers would remember that Musk had disclosed his initial 9.2 percent stake in Twitter on the 04th of April – around ten days after having exceeded the 5 percent stake disclosure threshold. Bear in mind that the Hart-Scott-Rodino Act mandates prompt disclosure when any person or entity acquires a stake of at least 5 percent in a public company.