{"id":896387,"date":"2025-01-16T09:24:31","date_gmt":"2025-01-16T03:54:31","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=896387"},"modified":"2025-01-16T09:39:23","modified_gmt":"2025-01-16T04:09:23","slug":"elon-musk-faces-us-securities-and-exchange-commission-lawsuit-over-twitter-deal-disclosure-timing","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/01\/16\/elon-musk-faces-us-securities-and-exchange-commission-lawsuit-over-twitter-deal-disclosure-timing\/","title":{"rendered":"Elon Musk faces US Securities and Exchange Commission lawsuit over Twitter deal disclosure timing"},"content":{"rendered":"<p>The US Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site. <\/p>\n<p>As a result, the SEC alleges, Musk was able to underpay &#8220;by at least USD 150 million&#8221; for shares he bought after he should have disclosed his ownership of more than 5 per cent of Twitter&#8217;s shares. Musk bought Twitter in October 2022 and later renamed it X.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site. As a result, the SEC alleges, Musk was able to underpay &#8220;by at least USD 150 million&#8221; for shares he bought after he should have disclosed his ownership of more than 5 per cent of Twitter&#8217;s shares. Musk bought Twitter in October 2022 and later renamed it X.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[83,4,22],"tags":[],"class_list":["post-896387","post","type-post","status-publish","format-standard","hentry","category-it-2-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/896387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=896387"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/896387\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=896387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=896387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=896387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}