Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates
5 months, 4 weeks ago

Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates

CNN  

New York CNN — The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity. However, during that apology, Musk also told fleeing advertisers: “Go f**k yourself.” But X continues to be a major player in social media under Musk’s ownership. Munster said that in the long run, he thinks X and the data the company has access to will be worth more than the $44 billion that Musk paid for Twitter. “When Musk bought Twitter, investors didn’t realize we’d be taking off on AI as fast as we are,” Munster said.

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History of this topic

Elon Musk's xAI and X combine forces, valuing combined entity at $80 billion
3 days, 4 hours ago

Elon Musk's xAI and X combine forces, valuing combined entity at $80 billion

Firstpost  

The all-stock purchase announced on Friday merges two of Musk’s several portfolio firms, which also include Tesla and SpaceX, and may make it easier for Musk to train his Grok AI model Elon Musk’s xAI artificial intelligence startup has bought Musk’s X, the social media company previously known as Twitter, for $33 billion, marking the latest twist in the billionaire’s …

Elon Musk Sells X To xAI In $33 Billion All-Stock Deal; Details Inside
Top News
3 days, 5 hours ago

Elon Musk Sells X To xAI In $33 Billion All-Stock Deal; Details Inside

ABP News  

Elon Musk announced on Friday that he has sold the social media platform X to his own AI company, xAI, in an all-stock deal valued at $33 billion. Musk shared in a post on X that the acquisition will “unlock immense potential by blending xAI's advanced AI capabilities with X's vast global reach.” The deal values xAI at $80 billion …

Elon Musk sells X to his own xAI for $33 billion in all-stock deal
3 days, 6 hours ago

Elon Musk sells X to his own xAI for $33 billion in all-stock deal

The Hindu  

Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday. Musk said in a post on X that the move will “unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.” He said the deal values xAI at $80 …

Elon Musk sells X to xAI: What is xAI? What does it do? Who owns the company? EXPLAINED
3 days, 8 hours ago

Elon Musk sells X to xAI: What is xAI? What does it do? Who owns the company? EXPLAINED

Live Mint  

In a surprise move, Elon Musk on Friday revealed that he had sold social media site X to xAI in a $33 billion deal. Musk said in a post on X that the move will “unlock immense potential by blending xAI's advanced AI capability and expertise with X's massive reach.” Elon Musk, who is CEO of Tesla and SpaceX as …

Elon Musk sells X to his own xAI for USD 33 billion in all-stock deal
Top News
3 days, 9 hours ago

Elon Musk sells X to his own xAI for USD 33 billion in all-stock deal

Deccan Chronicle  

Washington: Elon Musk has sold social media site X to his own xAI artificial intelligence company in a USD 33 billion all-stock deal, the billionaire announced on Friday. Musk said in a post on X that the move will unlock immense potential by blending xAI's advanced AI capability and expertise with X's massive reach. He said the deal values xAI …

Elon Musk faces lawsuit for misleading Twitter shareholders over investment strategy that ‘saved him over $200 mn’
3 days, 10 hours ago

Elon Musk faces lawsuit for misleading Twitter shareholders over investment strategy that ‘saved him over $200 mn’

Live Mint  

A US judge on Friday has denied Elon Musk's request to dismiss a lawsuit accusing him of misleading former Twitter shareholders. Carter in his 43-pages reply said Musk's disclosure of the 9.2% stake could be seen as misleading because it suggested he made a "passive" investment and did not plan to buy the company. Carter said shareholders could also sue …

Elon Musk combines AI firm and X in a $52B deal, consolidating his power
3 days, 10 hours ago

Elon Musk combines AI firm and X in a $52B deal, consolidating his power

ABC  

Elon Musk's artificial intelligence firm xAI has acquired his X, formerly known as Twitter, for around $52.3 billion, marking the latest twist in the billionaire's rapid consolidation of power. Mr Musk announced the transaction in an X post on Friday, local time, that the combination values xAI at $US80 billion and X at $US33 billion, or $US45 billion less $US12 …

Elon Musk's xAI startup buys his social media platform X for $33 billion
3 days, 10 hours ago

Elon Musk's xAI startup buys his social media platform X for $33 billion

India Today  

Elon Musk's xAI artificial intelligence firm has acquired Musk's X, the social media outfit formerly known as Twitter for $33 billion, marking the latest twist in the billionaire's rapid consolidation of power. The all-stock deal announced on Friday combines two of Musk's multiple portfolio companies, which also include automaker Tesla and SpaceX, and potentially eases Musk's ability to train his …

Twitter sold again. The buyer? Elon Musk's xAI. Deal values social media site at $33 billion
3 days, 10 hours ago

Twitter sold again. The buyer? Elon Musk's xAI. Deal values social media site at $33 billion

Hindustan Times  

The world’s richest man and close aide of Donald Trump, Elon Musk, announced on Friday that his AI company, xAI, has acquired social media platform X, once known as Twitter, in an all-stock deal valued at $45 billion, including $12 billion in debt, placing xAI’s valuation at $80 billion and X’s at $33 billion. Musk announced on March 28, 2025, …

Elon Musk being sued for fraud over disclosure of Twitter shares
3 days, 10 hours ago

Elon Musk being sued for fraud over disclosure of Twitter shares

Hindustan Times  

Soon after announcing that he had sold social media platform X to an AI company, a US judge on Friday rejected Elon Musk's bid to dismiss a lawsuit that accused him of defrauding Twitter shareholders about his investment in the company, reported Reuters. Elon Musk is being sued for non disclosure of his Twitter shares on time Manhattan district judge …

Elon Musk’s xAI Acquires X, Because of Course
Top News
55 years, 3 months ago

Elon Musk’s xAI Acquires X, Because of Course

Wired  

Elon Musk’s artificial intelligence firm xAI has acquired his social media platform X in an all-stock transaction that values the company at $33 billion, including $12 billion worth of debt, the centibillionaire announced Friday. The sale comes just weeks after Musk reportedly raised another roughly $1 billion in debt financing for X that valued the company at $44 billion—the same …

Who owns xAI? Elon Musk says his social media platform X has been sold to AI company
3 days, 12 hours ago

Who owns xAI? Elon Musk says his social media platform X has been sold to AI company

Hindustan Times  

Elon Musk on Friday announced that xAI has acquired X, platform formerly known as Twitter, in an all-stock transaction for $45 billion, including debt. Elon Musk said X has been sold to xAI "xAI and X's futures are intertwined. “The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of …

Musk Inc is under serious threat
1 week ago

Musk Inc is under serious threat

Hindustan Times  

UNTIL RECENTLY Elon Musk had little need to look over his shoulder. He once described competition for Tesla, his electric-vehicle company, as “the enormous flood of gasoline cars pouring out of the world’s factories every day”, rather than the “small trickle” of other EV-makers. On March 18th the Chinese firm unveiled a charging system that it said could power an …

Twitter's iconic blue bird sold for $34,375 at auction, buyer undisclosed
1 week, 2 days ago

Twitter's iconic blue bird sold for $34,375 at auction, buyer undisclosed

India Today  

Twitter's iconic blue bird logo, which was removed from San Francisco's headquarters when tech billionaire Elon Musk took over in 2022, fetched USD 34,375 at an auction. RR Auction, which deals in 'rare and collectable items', said the 560-pound sign measured 12 feet by 9 feet. The vintage sign had hung on Twitter's headquarters from 2012 to 2023 before Musk …

Twitter’s iconic bird logo sold for thousands of dollars at auction; can you guess the price?
1 week, 3 days ago

Twitter’s iconic bird logo sold for thousands of dollars at auction; can you guess the price?

Live Mint  

The iconic bird logo of Twitter, which was removed from its former headquarters in San Francisco, has sold for nearly $35,000 at an auction, reports said on Saturday. The blue bird logo of erstwhile Twitter was removed when Elon Musk took over the social media company and rebranded it to X. RR Auction, which deals in “rare and collectible items" …

Elon Musk loses $29 billion in a day as Tesla shares take a hit
3 weeks ago

Elon Musk loses $29 billion in a day as Tesla shares take a hit

Hindustan Times  

Elon Musk, the world's richest person, lost billions of his net worth after the shares of his Electric Vehicle giant Tesla Inc, fell over 15% due to concerns of slowing sales. Federal employees face a midnight deadline to comply with Elon Musk's second demand for reports on their recent accomplishments Musk's net worth as of March 11 was $301 billion, …

Elon Musk's social platform X suffers series of global outages
3 weeks ago

Elon Musk's social platform X suffers series of global outages

Hindustan Times  

The Elon Musk-led social media platform X suffered second outage for several users across the world. Elon Musk bought social media platform X, formerly known as Twitter, in 2022. In March 2023 the social media platform then known as Twitter experienced a bevy of glitches for over an hour as links stopped working, some users were unable to log in …

What is Elon Musk’s net worth? Tesla CEO's fortune tumbles by $102 bn in 2025 as company's stock hits the skids
3 weeks, 2 days ago

What is Elon Musk’s net worth? Tesla CEO's fortune tumbles by $102 bn in 2025 as company's stock hits the skids

Hindustan Times  

Billionaire Elon Musk's impressive net worth has witnessed a decline of $102 billion in 2025 following a sharp tumble in Tesla stock. Elon Musk currently has a fortune of about $330 billion, a significant 24% decrease from the start of the year, according to the Bloomberg Billionaires Index. What is Musk's net wealth as Tesla's stock plummets Musk currently has …

Musk to Face Questioning in Suit Over Twitter Buyout Flip-Flop
3 weeks, 3 days ago

Musk to Face Questioning in Suit Over Twitter Buyout Flip-Flop

Live Mint  

Elon Musk is set to be questioned under oath about his 2022 acquisition of Twitter Inc. in an investor lawsuit alleging that his on-again off-again move to purchase the social media platform was a ruse to lower its stock price. While Musk has been busy lately as a key adviser to President Donald Trump on government cost-cutting efforts, he’s also …

Elon Musk Just Lost Over $116 Billion. Here's What Caused The Drop
3 weeks, 6 days ago

Elon Musk Just Lost Over $116 Billion. Here's What Caused The Drop

ABP News  

Elon Musk, the world’s richest man, has seen his fortune shrink significantly amid a steep decline in Tesla’s stock value. According to Forbes’ real-time calculations, Musk’s net worth took a $7.1 billion hit on Tuesday, bringing his total fortune down to $347.7 billion. To put Musk’s $116 billion decline into context, Microsoft co-founder Bill Gates, currently the 13th wealthiest individual …

Tesla stock sinks by 26% in wake of Elon Musk’s ‘Nazi’ salute at Trump rally
1 month ago

Tesla stock sinks by 26% in wake of Elon Musk’s ‘Nazi’ salute at Trump rally

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesla’s stock has fallen more than 26 percent since Elon …

Tesla stock’s epic fall has hit Musk’s wealth hard. The worry for investors.
Trending News
1 month ago

Tesla stock’s epic fall has hit Musk’s wealth hard. The worry for investors.

Live Mint  

More than $600 billion in market value has evaporated in Tesla stock since mid-December. Tesla stock’s epic fall has wiped out more than $600 billion market value since mid-December highs. After Tesla stock’s roughly 20% fall over the past five days leading into Thursday trading, Musk’s stakes in rocket maker SpaceX, artificial intelligence company xAI, and social-media platform X now …

Elon Musk lost $52 billion in net worth since the year began. He’s still the richest person in the world
1 month, 1 week ago

Elon Musk lost $52 billion in net worth since the year began. He’s still the richest person in the world

CNN  

New York CNN — Elon Musk has lost $52 billion in net worth since the year began, but he’s still the richest person in the world by a long shot, according to the Bloomberg Billionaires Index. Musk, Tesla’s largest individual shareholder, was roughly $83 billion richer since Election Day by the end of November. Musk’s net worth dropped $5.2 billion …

Musk's X in talks to raise money at $44 billion valuation: Report
1 month, 1 week ago

Musk's X in talks to raise money at $44 billion valuation: Report

The Hindu  

Elon Musk's X social media platform is in talks to raise money from investors at a $44 billion valuation, Bloomberg News reported on Wednesday, citing people familiar with the matter. Musk's AI startup, xAI, is also in talks to raise $10 billion at a $75 billion valuation, up from $40 billion, according to reports. Banks, led by Morgan Stanley, sold …

Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billon investment in X
1 month, 1 week ago

Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billon investment in X

CNN  

New York CNN — In October 2022, Elon Musk paid $44 billion to buy Twitter — almost certainly an overpayment — and he promptly made significant changes that plunged the company into chaos and sent its ad business and valuation into a tailspin. Also helping X’s rebound: It reportedly holds a stake in xAI, Musk’s AI company, which itself is …

Report suggests Elon Musk’s X is raising cash from investors
1 month, 1 week ago

Report suggests Elon Musk’s X is raising cash from investors

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk’s social media platform …

Elon Musk: How much is the Tesla CEO’s net worth?
55 years, 3 months ago

Elon Musk: How much is the Tesla CEO’s net worth?

Slate  

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. In the past five years, Google searches for “Elon Musk net worth” are many times more frequent than the same search for Zuckerberg, Arnault, Jeff Bezos, or Bill Gates, or, I would wager, anyone else. Elon Musk might be …

Trump Media lost more than $400m in 2024
Trending News
1 month, 2 weeks ago

Trump Media lost more than $400m in 2024

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Trump Media and Technology Group, the parent company of the …

Trump claims Musk has already found ‘tens of billions’ in savings. Even DOGE’s social media accounts disagree
1 month, 2 weeks ago

Trump claims Musk has already found ‘tens of billions’ in savings. Even DOGE’s social media accounts disagree

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President Donald Trump has claimed that Elon Musk and his …

Musk agrees to pay Trump $10m to settle lawsuit over his Twitter ban after January 6 riot
1 month, 2 weeks ago

Musk agrees to pay Trump $10m to settle lawsuit over his Twitter ban after January 6 riot

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk‘s X has agreed to pay Donald Trump about …

Musk’s X agrees to pay about $10 million to settle Trump lawsuit
1 month, 2 weeks ago

Musk’s X agrees to pay about $10 million to settle Trump lawsuit

Live Mint  

WASHINGTON—Elon Musk’s X has agreed to pay about $10 million to settle a lawsuit that Donald Trump brought against the company and its former chief executive, according to people familiar with the matter. The agreement makes X the second social-media platform to settle litigation that Trump filed when the companies deplatformed him over his role in the Jan. 6, 2021, …

Elon Musk agrees to pay Donald Trump $10 million to settle lawsuit against Twitter
1 month, 2 weeks ago

Elon Musk agrees to pay Donald Trump $10 million to settle lawsuit against Twitter

India Today  

Elon Musk’s social media platform X has agreed to pay US President Donald Trump $10 million to settle an old lawsuit against Twitter, according to a report by The Wall Street Journal. Reportedly, the $10 million settlement would be in addition to the estimated $250 million that Musk apparently spent on supporting Trump’s election campaign last year. Trump will be …

Elon Musk's net worth falls below $400 billion for the first time in 2025 as Tesla shares slump
1 month, 2 weeks ago

Elon Musk's net worth falls below $400 billion for the first time in 2025 as Tesla shares slump

Hindustan Times  

Elon Musk, the world's richest person, saw his net worth drop below $400 billion for the first time in 2025 as Tesla Inc. shares slumped due to investor concerns regarding the electric vehicle giant's future. Tesla and SpaceX's CEO Elon Musk pauses during an in-conversation event with British Prime Minister Rishi Sunak in London, Britain, Thursday, Nov. 2, 2023. The …

Elon Musk’s net worth falls below $400 billion for first time in 2025 after Tesla shares plunge 27% since December peak
1 month, 3 weeks ago

Elon Musk’s net worth falls below $400 billion for first time in 2025 after Tesla shares plunge 27% since December peak

Live Mint  

Elon Musk’s net worth fell below the $400 billion mark for the first time in two months, dragged down by a double-digit slide in Tesla Inc.’s share price. The electric vehicle giant's stock has fallen 27 per cent after hitting an all-time high in mid-December over hopes that the DOGE chief's proximity to US President Donald Trump would boost the …

Elon Musk-led group proposes buying OpenAI for $97.4 billion, as Sam Altman says 'no thank you'
1 month, 3 weeks ago

Elon Musk-led group proposes buying OpenAI for $97.4 billion, as Sam Altman says 'no thank you'

The Hindu  

A group of investors led by Elon Musk is offering about $97.4 billion to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Musk helped found. OpenAI CEO Sam Altman quickly rejected the deal on Musk's social platform X, saying, “no thank you but we will buy Twitter for $9.74 billion if you want.” Musk bought Twitter, …

Elon Musk offers $97 billion to buy OpenAI, Sam Altman rejects it and mocks him saying we will buy X for $9B
1 month, 3 weeks ago

Elon Musk offers $97 billion to buy OpenAI, Sam Altman rejects it and mocks him saying we will buy X for $9B

India Today  

Elon Musk, after previously suing OpenAI, has now made an attempt to purchase the company. Recent reports reveal that Musk, along with a group of investors, approached CEO Sam Altman with an offer to buy out OpenAI for $97 billion. However, Altman declined the offer, responding with a firm, "no thank you.” According to the Wall Street Journal report, Musk …

Amazon ramps up ad spending on Elon Musk's X: Report
2 months ago

Amazon ramps up ad spending on Elon Musk's X: Report

The Hindu  

Amazon.com is increasing its advertising on billionaire Elon Musk's social media platform X, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Several ad agencies, tech and media companies had also suspended advertising on X following Musk's endorsement of an antisemitic post that falsely accused members of the Jewish community of inciting hatred against white people. …

Elon Musk calls X’s revenue ‘unimpressive,’ warns employees of ‘very dire situation’
2 months, 1 week ago

Elon Musk calls X’s revenue ‘unimpressive,’ warns employees of ‘very dire situation’

Live Mint  

While Elon Musk is often seen publicly praising how X, formerly Twitter, has grown since he took over the company, the billionaire has revealed a very different side of the equation in an email to his employees. Musk told X employees in an email that the company is in “a very dire situation from a revenue standpoint”. The billionaire went …

If Elon Musk wants to buy TikTok in US, he will have to pay a whopping ...
2 months, 2 weeks ago

If Elon Musk wants to buy TikTok in US, he will have to pay a whopping ...

India Today  

Elon Musk could be looking at a hefty price tag of $40-50 billion in case he decides to move forward with buying the US operations of TikTok, Forbes has reported quoting Wedbush analyst Dan Ives. Ives, who has tracked Musk's ventures closely, believes a deal for TikTok’s US arm would be a “golden asset pickup” for Musk and his social …

How Much Are Donald Trump’s Truth Social Shares Worth?
2 months, 2 weeks ago

How Much Are Donald Trump’s Truth Social Shares Worth?

Wired  

Over the decades, Donald Trump’s literal fortunes have ebbed and flowed. Specifically, the majority of Trump’s net worth currently derives from shares of Trump Media & Technology Group, the parent company of the conservative Truth Social platform that launched in 2022. As the majority owner of TMTG, Trump’s riches rise and fall with the stock, which itself has seen wild …

US SEC sues Elon Musk for securities violation, claims he underpaid by $150 million for Twitter shares
2 months, 2 weeks ago

US SEC sues Elon Musk for securities violation, claims he underpaid by $150 million for Twitter shares

Hindustan Times  

The US Securities and Exchange Commission or SEC has filed a lawsuit against Elon Musk, the world's richest person, alleging that he violated securities law related to his $44 billion acquisition of Twitter. Tesla and SpaceX CEO Elon Musk listens as Republican presidential nominee former President Donald Trump speaks at a campaign event at the Butler Farm Show, on Oct. …

US securities regulator sues Musk over purchase of Twitter shares
Top News
2 months, 2 weeks ago

US securities regulator sues Musk over purchase of Twitter shares

Deccan Chronicle  

The United States Securities and Exchange Commission has sued Elon Musk, arguing that his purchase of Twitter shares in 2022 was carried out with violations, the regulator said in a filing published Tuesday. "Defendant Elon Musk failed to timely file with the SEC a beneficial ownership report disclosing his acquisition of more than five percent of the outstanding shares of …

SEC Accuses Elon Musk Of Buying Up Twitter Stock At Deflated Price
2 months, 2 weeks ago

SEC Accuses Elon Musk Of Buying Up Twitter Stock At Deflated Price

Huff Post  

LOADING ERROR LOADING The Securities and Exchange Commission has filed a lawsuit against Elon Musk alleging that in the lead-up to his acquisition of Twitter in 2022, he illegally failed to disclose he’d amassed a large portion of stock in the company ― allowing him to buy more shares of the platform at “artificially low prices.” The SEC lawsuit, filed …

US government sues Elon Musk for allegedly failing to disclose Twitter stock ownership
Trending News
2 months, 2 weeks ago

US government sues Elon Musk for allegedly failing to disclose Twitter stock ownership

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he …

SEC sues Elon Musk, saying he didn’t disclose Twitter ownership on time before buying it
Top News
2 months, 2 weeks ago

SEC sues Elon Musk, saying he didn’t disclose Twitter ownership on time before buying it

Live Mint  

The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site. As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after he should have disclosed his …

SEC sues Elon Musk, saying he didn’t disclose Twitter ownership on time before buying it
2 months, 2 weeks ago

SEC sues Elon Musk, saying he didn’t disclose Twitter ownership on time before buying it

Associated Press  

The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site. As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after he should have disclosed his …

SEC sues Elon Musk over Twitter disclosure
2 months, 2 weeks ago

SEC sues Elon Musk over Twitter disclosure

Salon  

The U.S. Securities and Exchange Commission sued billionaire Elon Musk on Tuesday, saying he missed a 2022 deadline to disclose his large stock position in Twitter and was able to underpay for additional shares as a result. The SEC says the report was 11 days late, allowing Musk to "underpay by at least $150 million” for shares purchased before he …

US watchdog sues Elon Musk over late disclosure of Twitter stake
2 months, 2 weeks ago

US watchdog sues Elon Musk over late disclosure of Twitter stake

Al Jazeera  

US Securities and Exchange Commission says Musk’s failure to disclose stake allowed him to underpay $150m for shares. The US Securities and Exchange Commission said on Tuesday that Musk failed to disclose within the required 10-day period that he acquired more than 5 percent of Twitter’s stock in March 2022. The Tesla and SpaceX CEO’s failure to notify regulators allowed …

Elon Musk sued by SEC over late 2022 disclosure of Twitter stake
2 months, 2 weeks ago

Elon Musk sued by SEC over late 2022 disclosure of Twitter stake

LA Times  

Elon Musk purchased Twitter, a social media site now known as X, for $44 billion in 2022. The U.S. Securities and Exchange Commission sued Elon Musk on Tuesday, alleging failure to timely disclose that he bought more than 5% of Twitter’s stock in 2022 before he took over the social media company. Under federal law, Musk was required to disclose …

Elon Musk’s X/Twitter paying MPs to tweet is just one part of a huge battle for the future of the internet
2 months, 3 weeks ago

Elon Musk’s X/Twitter paying MPs to tweet is just one part of a huge battle for the future of the internet

The Independent  

On the internet, upsetting people pays. “The fact that Reform MPs are profiting financially from posting on Musk’s X tells us all we need to know about how genuine their motives are,” said Carla Denyer, MP for Bristol Central and Green Party co-leader, and the Labour Party suggested that it was evidence that the politicians involved are “grifters who do …

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