Elon Musk made this statement about DOGE’s ability to cut costs during a live broadcast with Stagwell Inc. CEO. Mark Penn.
This week, the US Securities and Exchange Commission (SEC) filed a lawsuit against Company
The complaint said Musk did not timely disclose that he had purchased more than 5% of Twitter’s common stock in March of that year.
This allowed Musk to continue buying Twitter stock at an artificially low price, paying less than $150 million, the SEC said.
This week, the US Securities and Exchange Commission filed a lawsuit against Company X’s owner, formerly Twitter, Elon Musk, over Twitter stock purchases he made in 2022. (om Williams/CQ-Roll Call, Inc via Getty Images / Getty Images)
Musk began buying Twitter in April 2022. The sale closes in October.
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He paid $44 billion for the social media platform.
Reuters contributed to this report.
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