Cryptoknowmics
2022-07-15 11:53:05

U.S. SEC Asks Elon Musk to Clarify Comments on Twitter Acquisition

The United States Securities and Exchange Commission (SEC) has asked Elon Musk to provide more information about a tweet published by him on May 17th in relation to his $44 billion deal to acquire Twitter, which he has since attempted to cancel, according to a new regulatory filing from Thursday. Elon Musk Under SEC Scrutiny Over Twitter Deal The U.S. Securities and Exchange Commission (SEC) asked Elon Musk why he did not amend a filing related to the deal in a letter sent last month. The agency was referring to his May 17 tweet in which he said the “deal cannot move forward” until Twitter provided more data about how the company handled fake accounts. 20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher. My offer was based on Twitter’s SEC filings being accurate. Yesterday, Twitter’s CEO publicly refused to show proof of

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