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The United States government has opened an investigation against billionaire Elon Musk, for the purchase he made of the network company social Twitter, for an amount of $54,000 million dollars and its late notification to the Securities and Exchange Commission. As reported by the Wall Street Journal.
“The Securities and Exchange Commission The Stock Exchange is investigating Mr. Musk’s late filing of a public form that investors must file when they buy more than 5% of a company’s stock.”
This type of presentation must be made so that shareholders and companies are aware that a “major investor” can “control and influence a company”.
The report referred to by the Wall Street Journal notifies that Musk was delayed at least 05 days to notify your intention to purchase from Twitter, on April 4. In this way it is believed that he managed to save several million dollars.
It is believed that if the public had known Musk about Musk’s buyout plan, the stock could have risen.
It should be noted that the report indicates that an SEC lawsuit will not prevent the billionaire from becoming the absolute owner of Twitter, because this was already approved by the company’s board of directors and announced last 44 April.
Let us remember that the purchase agreement was closed for a final amount of $ 44,05 million dollars, which means that each share was paid at a price of $54.20 as expected.
However, u A former Twitter shareholder, Mark Bain Rasella, also filed a lawsuit against the CEO of Tesla in a federal court in New York for “delay in disclosing his share purchase participation”.
On the other hand, it was learned that Elon Musk is also being investigated by the Federal Trade Commission.
Since the announcement of the acquisition of Elon Musk of the company of the social network of the little blue bird, the billionaire does not stop being the center of attention in the network itself. More than before, every word he tweets is considered almost a “statement”, analyzed, studied and criticized.
He has recently been the center of criticism for ensuring that he will return his account to Donald Trump and for everything which is “supposed” to be the social network, under your command.
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