Twitter

Elon Musk did not admit wrongdoing, and will not have to give up any of the US$150 million he allegedly saved from the delay.

Elon Musk settles SEC lawsuit over Twitter disclosures, US$1.5 million fine imposed

Musk bought Twitter for US$44 billion in October 2022 and renamed it X.

Elon Musk must face class action over late disclosure of Twitter stake, judge rules

The amount of damages he must pay to individual investors will be determined at a later date when shareholders submit claims.

Musk misled Twitter investors before 2022 buyout, jury says

“There was (still is) a massive cyberattack against X,” Musk said in a post on the platform, which was working sporadically as the day wore on.

Musk says X hit by major cyberattack

In a complaint filed in Washington, D.C. federal court, the US Securities and Exchange Commission said Elon Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5 per cent of Twitter’s common shares.

US SEC sues Elon Musk over late disclosure of Twitter stake

The change is the latest in a series of updates Elon Musk has made to the platform since buying it for US$44 billion in 2022. 

Why X is hiding which posts you ‘like’ from other users

Offices for Twitter in San Francisco, on Oct. 6, 2022.

Big Tech, big layoffs – the tally so far

Elon Musk is also in the middle of a regulatory probe to determine whether he broke federal securities laws in 2022 when he bought stock in social media platform Twitter, which he later renamed X. 

Tesla shareholder sues Musk for alleged US$7.5 billion insider trading

The investigation concerns whether Elon Musk broke federal securities laws in 2022 when he bought stock in Twitter, which he later renamed X.

Elon Musk ordered to testify again in US SEC probe of Twitter takeover