Elon Musk admits his Twitter investment isn't passive and reveals that he began buying the stock in January

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Musk began buying Twitter shares in January, and his stake is not a passive one

Elon Musk filed a new disclosure on his Twitter Inc. stake with the Securities and Exchange Commission on Tuesday, admitting that he invested in the company with the goal of effecting change and that his stock purchases began months ago.

The new filing requires more disclosure, and shows that Musk began accumulating Twitter stock on Jan. 31, with the purchase of more than 620,000 shares. Musk then purchased Twitter shares in every available trading session through April 1, with total daily shares purchased ranging from 371,075 on Feb. 15 to more than 4.8 million shares on Feb. 7.

The SEC requires that investors disclose when they have purchased more than 5% of a company’s stock on one of the two forms within 10 calendar days of hitting that threshold. Musk admitted on the first form he filed that he had passed that threshold on March 14 but did not disclose the purchases until April 4, missing the deadline by more than a week.

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귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

I saw that he can't own more than 15%?

Yeah, the whole board member announcement thing kinda put the 'passive' idea, to bed.

Thanks for driving up the price of my stock, Muskrat. Let me know when to sell.

👇🏼⚠️👇🏼

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Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Twitter shares soar more than 25% after Elon Musk takes 9% stake in social media companyTesla CEO Elon Musk has taken a big stake in social media company Twitter, a regulatory filing released Monday showed. Killed children under the age of 10 with signs of rape and torture were found in Bucha and Irpen. CHILDREN. RELATED. ROLLED OUT. KILLED. RussiaWarCrimes RussianRapists RussiaKillsCivilians stopgenocideinUkraine RussianTerrorism elonmusk if this results in trump coming back to twitter, will not ever buy a elon product Why just 9%. Take over completely.
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