https:\/\/www.politico.com\/news\/2025\/01\/14\/sec-sues-elon-musk-over-twitter-purchase-disclosures-00198295<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"“For 11 days, Musk \u2014 the world\u2019s richest man and a prominent backer of President-elect Donald Trump \u2014 allegedly failed to properly disclose that he had acquired a major stake in Twitter, the SEC said in a court filing in Washington. As a result, the agency said Musk benefited from \u201cartificially low prices\u201d as he snatched up shares in the company, which he eventually purchased for $44 billion and renamed X.<\/p>\n
\u201cIn total, Musk underpaid Twitter investors by more than $150 million for his purchases of Twitter common stock during this period,\u201d the SEC said in its complaint. \u201cInvestors who sold Twitter common stock during this period did so at artificially low prices and thus suffered substantial economic harm.\u201d” <\/p>\n
https:\/\/www.politico.com\/news\/2025\/01\/14\/sec-sues-elon-musk-over-twitter-purchase-disclosures-00198295<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[1598,1619,1188,327],"class_list":["post-16620","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-elon-musk","tag-lawsuit","tag-sec","tag-twitter"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/16620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16620"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/16620\/revisions"}],"predecessor-version":[{"id":16621,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/16620\/revisions\/16621"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}