Posted on 05/11/2022 3:49:18 PM PDT by janetjanet998
WASHINGTON—Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership. The Securities and Exchange Commission is probing Mr. Musk’s tardy submission of a public form that investors must file when they buy more than 5% of a company’s shares, the people said. The disclosure functions as an early sign to shareholders and companies that a significant investor could seek to control or influence a company. The Tesla Inc. chief executive made his filing on April 4, at least 10 days after his stake surpassed the trigger point for disclosure. Mr. Musk hasn’t publicly explained why he didn’t file in a timely manner.
(Excerpt) Read more at wsj.com ...
less than 50% chance the deal happens according to wall street
buyout price $54.40 Twitter stock closed today at 46.09 is is down 50 cents in after hours
The price was around $39 on 4-1
a quick 18% return if you buy at todays price and the buyout happens
Is politics behind the Federal Investigators investigating the purchase of Twitter by Musk?
Shirley not !
( fofl )
There’s also risk that Musk will renegotiate the price. If he decides to walk away it will cost him $1 billion, but Twitter price could drop 40%, or more if he decides to dump his shares. So both could lose if the deal doesn’t go through, but Musk can afford to walk away. Twitter can’t afford to let Musk dump his shares.
“less than 50% chance the deal happens according to wall street“
Hmm.. One would think Elon would have the next legal team so would they not anticipate this? Especially given the fact the rats will do anything to stop this.
so twitter belongs to the Left and they’ll destroy anyone who gets in their way
Probable cause is when we don’t like something.
Yes, they want to keep Twits locked down. They have to.
“Is politics behind the Federal Investigators investigating the purchase of Twitter by Musk?”
I think no question.
It is the progs that got "triggered" and they are retaliating because their toy is getting taken away.
.
where is that clown who told me I was wrong when I said Musk was late and the SEC wouldn’t let that go.
uh huh...
and yes the deal may not go through. stocks are getting slaughtered. he was going to take a loan against TSLA stock and Twitter price is going down. he should renegotiate.
Is politics behind the Federal Investigators investigating the purchase of Twitter by Musk?
—
A rhetorical question obviously
You mean he's not going to be able to buy our god given rights after all? No free speech for twittering twats?
What will they do?
Biden seems to have a vendetta for Musk.
Biden invited the big US vehicle manufacturer companies to an EV event.
Didn’t invite Tesla or Musk.
During the event. Biden lauded GM for being the premier EV breakout
company in the United States.
When I heard of that, I knew Musk was about to get the Jack Ma treatment.
The left has nothing but their political investigations.
Twitter is dead without Elon’s $$$$, but the left doesn’t care.
twitter has new terms of service effective in June
I think you’re right.
With the way the tech stocks are going, Musk might be far better off to bail now, pay the one bil cancellation fee, and get it a lot cheaper 6 months from now.
😱 = my shocked face. I was really surprised when I heard regulators we initially on board. Thought I could be wrong. But. Here ya go.
Does a bear crap in the woods???
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