2025-01-15 01:40:34
It’s actually about the shares he bought before he bought twitter. Under US law if you buy shares that equate to 5% or more of a company then it must be declared in 10 days. He was late by 11 days, so had gained a financial advantage by over $100m. [Link] NEEDS_MORE_RATINGS(10-1-29) Author
2025-01-15 01:51:16
NNN - nothing in the OP is incorrect or requires a note, leave this reply in the comments NEEDS_MORE_RATINGS(24-0-6) Author
2025-01-15 04:38:22
This suit’s main complaint is a late disclosure notice made by Musk’s team of a stock purchase representing more than 5% ownership in the stock. This disclosure is required within 10 days of purchase, Musk’s team disclosed it in 11 days. Some argue this mislead the market. [Link] NEEDS_MORE_RATINGS(8-0-18) Author