Posted in: Tattle, Technology

Elon Musk sued by Twitter investors for delaying disclosure of stake

Investors say Musk saved himself $156m by failing to disclose that he had purchased more than 5% of Twitter by 14 March

Elon Musk was sued by Twitter investors for delaying the disclosure of his stake in the company, as the Tesla owner mounts a $44bn takeover bid for the social media platform.

The investors said Musk saved himself $156m by failing to disclose that he had purchased more than 5% of Twitter by 14 March.

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