Titanium Media App May 28 news, according to the "Wall Street Journal" report on May 27, the U.S. Securities and Exchange Commission (SEC) confirmed that it has asked Tesla CEO Elon Musk to explain the reason for his delayed disclosure of his purchase of Twitter stock. Musk, who became a major Twitter shareholder after buying 73.5 million shares in early April, launched his takeover bid less than two weeks later. In its Friday announcement, the SEC reportedly released an April 4 letter to Musk asking him to explain why he didn’t disclose his Twitter holdings within the 10-day deadline, specifically It was on the premise that he planned to acquire the company. Musk's shareholding exceeded 5% on March 14, and he only announced his shareholding in an announcement on April 4, when his shareholding exceeded 9%. According to current regulations, the necessary documents need to be submitted within 10 days of holding more than 5% of the shares.
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- 2022-05-28U.S. regulators confirm investigation into Musk’s disclosure of Twitter holdings
- 2022-05-13 Musk: 100 fans will be selected to investigate fake Twitter accounts
- 2022-05-12Musk was investigated by the SEC: delaying disclosure of Twitter shares saved nearly 1 billion yuan
- 2022-05-09 Musk warns Twitter employees: I have a high demand for engagement
- 2022-05-05Musk expected to serve as interim CEO after Twitter acquisition
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