Musk to Combine SpaceX, xAI
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By Jonathan Stempel Feb 3 (Reuters) - A federal judge on Tuesday rejected Elon Musk's bid to dismiss a U.S. Securities and Exchange Commission lawsuit that claimed he waited too long to disclose his purchases of Twitter shares in 2022.
Donald Trump is so far not stepping in to help Elon Musk end a lawsuit raised by the Securities and Exchange Commission (SEC) over his 2022 Twitter takeover, a US district judge said this week.
Elon Musk argued that the securities law underpinning the SEC’s case—Section 13(d) of the Securities Exchange Act, which required him to disclose when he had purchased 5% of stocks in what was then known as Twitter—unconstitutionally forces filers to speak against their will.
Elon Musk's tweet sparked varied reactions from netizens, blending humour with profound insights on wealth and fulfilment while others wondered what inspired it.
When Elon Musk declared his intention to buy Twitter, his friends and allies were quick to rally behind his $44bn (£32bn) bid.
Musk’s lawyers argued that a 55-year old securities law violates the right to free speech.
The raid is linked to a year-long investigation into suspected abuse of algorithms and fraudulent data extraction by X or its executives.
Reacting to the Hoffman’s exchange with Epstein, Musk jibed on X/Twitter This is how I knew so long ago that Reid Hoffman went to Epstein’s island. Epstein used Reid being there to try to get me to go,