The Securities and Exchange Commission has broadened its inquiry into whether Elon Musk properly disclosed his investment in Twitter and his intentions for the social media company, the agency revealed on Thursday in a filing.
The agency raised questions about a tweet from Mr. Musk in May in which the billionaire claimed his $44 billion acquisition of Twitter “cannot move forward” because of spam on the platform. The tweet suggested Mr. Musk planned to abandon the deal, the S.E.C. wrote in a letter to Mr. Musk’s lawyers in June. The letter was included in a filing on Thursday.
Source: S.E.C. Broadens Inquiry Into Elon Musk’s Disclosures About Twitter – The New York Times
