Musk reveals that the Twitter acquisition case has received a fine and settlement proposed by the U.S. Securities and Exchange Commission.

AASTOCKS · Dec 13, 2024 22:10

Tesla (TSLA.US) founder Musk announced on social media X on Thursday that the USA Securities and Exchange Commission has issued a settlement request to Musk regarding the acquisition of X, formerly known as Twitter.

Regulatory Institutions have pressured Musk to agree to settlement terms, including fines, within 48 hours, or he will face multiple charges related to the acquisition of Twitter shares.

The USA Securities and Exchange Commission has been investigating whether Musk engaged in securities fraud when he sold Tesla shares in 2022 and leveraged the acquisition of the social media platform known as Twitter at that time.

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馬斯克透露Twitter收購案獲美證交提出罰款及和解

Musk reveals that the Twitter acquisition case has received a fine and settlement proposed by the U.S. Securities and Exchange Commission.

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