Saturday, July 6, 2024

Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit

Elon Musk seeks to dismiss lawsuit from former Twitter shareholders over delayed stake disclosure. Shareholders claim he saved $200 million by waiting to reveal his 9.2% ownership. Musk denies fraud allegations, stating it was a mistake. SEC also looked into his Twitter stock purchases. Lawsuit led by Oklahoma pension fund.

from Tech-Economic Times https://ift.tt/mFtSjO2

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French prosecutors suspect Musk encouraged deepfakes row to inflate X value

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