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Breaking: Musk’s Twitter Purchase in Danger as Biden’s Feds Launch Investigation

https://www.westernjournal.com/breaking-musks-twitter-purchase-in-danger-as-bidens-feds-launch-investigation/

The SEC is currently investigating why Musk waited until April 4, weeks after purchasing more than 5 percent of Twitter shares, to submit the form, the Journal reported.

In fact, according to the report, Musk’s Twitter holdings reached 5 percent on March 14. Under SEC regulations, this suggests the billionaire should have submitted a disclosure by March 24.

Despite all of this, Aron Solomon — the chief legal analyst for Esquire Digital — claims that Musk has no reason to worry.

At this point, in Solomon’s view, the acquisition is “too big to fail,” and regulatory involvement would only hurt existing shareholders.