SEC opens investigation into Musk for Twitter stock buy as Dorsey denies wanting to return as CEO

Elon Musk’s purchase of the largest individually-held stake in Twitter is being investigated by U.S. regulators, after he delayed reporting the buy – and thus failed to provide sufficient warning that a takeover bid was looming.

The investigation, currently in its early stages, could provoke a firestorm between the mercurial entrepreneur and the financial regulators, just as Musk is trying to wrap up his purchase of Twitter, approved on April 26.

It also comes amid frenzied speculation about…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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