Biden’s Securities and Exchange Commission (SEC) on Tuesday filed a lawsuit against Elon Musk over his 2022 purchase of Twitter.
In October 2022 Elon Musk officially closed the deal to purchase Twitter for $54.20 per share – or about $44 billion.
According to the SEC, Elon Musk allegedly failed to properly disclose his 5% Twitter stock purchase in 2022 in the months leading up to his purchase of the platform.
The SEC claimed because Elon...