U.S. Securities and Exchange Commission (SEC) is trying to force Elon Musk to testify in its probe into his purchase of Twitter, now X. After some back and forth, the billionaire investor bought the social media platform for $44 billion in October 2022 and the SEC’s probe is focused on Twitter shares he had acquired ahead of the takeover.
SEC Seeks to Compel Elon Musk to Testify Over Twitter Stock Purchases
The U.S. securities regulator has asked a judge to force the owner of X, Elon Musk, to provide testimony over Twitter stock transactions carried out before the acquisition of the social media networking service. The move comes after he failed to do so last month, Bloomberg and Reuters reported, and opens another chapter in Musk’s feud with the SEC.
Launched in April 2022, the investigation aims to establish if the entrepreneur broke federal securities laws when he bought shares in Twitter. It also looks into his statements and filings related to the deal, with the Commission que
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