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Elon Musk Fights Back Against SEC Lawsuit, Claims ‘No Harm’ in Late Twitter Investment Disclosure

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San Francisco, Calif. — Elon Musk is moving to dismiss a lawsuit filed by U.S. regulators who contend he improperly delayed disclosing an increase in his stake in Twitter, which he later acquired outright and rebranded as X. The U.S. Securities and Exchange Commission (SEC) claims Musk failed to announce his expanded holdings within the mandated timeframe. In its January complaint, the SEC alleges that Musk had accrued more than 5% of Twitter before he officially disclosed his investment, a delay that purportedly saved him approximately $150 million by allowing him to buy shares at … Read more

Elon Musk’s X Alleges Major Advertiser Boycott Following Twitter Acquisition in New Legal Battle

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San Francisco, CA – X, the company formerly known as Twitter and recently rebranded following its acquisition by billionaire Elon Musk, has filed a legal claim alleging a significant organized boycott by numerous advertisers. The company contends that these actions followed Musk’s controversial takeover, significantly impacting its revenue streams. According to the lawsuit, X claims that various unspecified entities collaborated to withdraw advertising in an orchestrated attempt that they describe as detrimental to their business operations. The suit names no specific companies but suggests that the boycott involved major brands across diverse sectors, significantly affecting … Read more

Supreme Court Judge Launches Inquiry into Elon Musk’s Defiance of Twitter Ban on X

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Brasília, Brazil – A Brazilian Supreme Court judge has initiated an investigation into Elon Musk after the billionaire announced his intent to reactivate accounts on the social media platform X, formerly known as Twitter, which the judge had ordered to be blocked. Musk posted on the platform that the restrictions had been lifted due to the court order being unconstitutional. He further called for Justice Alexandre de Moraes to resign or face impeachment. Justice Moraes issued a decision stating that Musk had engaged in a disinformation campaign against the Supreme Court. X, the platform owned … Read more

Elon Musk Summoned to Testify as SEC Investigates Multi-Billion Dollar Twitter Move

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Los Angeles, CA – A judge has issued an order for Tesla CEO Elon Musk to appear in court to testify as part of a Securities and Exchange Commission (SEC) investigation into his potential control over Twitter’s operations. The probe centers around Musk’s alleged takeover of the social media platform in early 2022, which reportedly involved a staggering $44 billion. The order signals a significant development in an ongoing legal battle that has drawn widespread attention. The lawsuit, filed by the SEC, seeks to uncover whether Musk violated any securities laws by exerting influence over … Read more