TechFlow news — On May 12, sources revealed that U.S. federal regulators are investigating Elon Musk’s delayed disclosure last month of his substantial stake in Twitter. This delay allegedly allowed Musk to purchase additional shares without alerting other shareholders about his holdings. According to insiders, the U.S. Securities and Exchange Commission (SEC) is examining Musk's failure to promptly file required public forms. Investors are obligated to submit such filings when acquiring more than 5% of a company’s shares. These disclosures serve as an early signal to shareholders and the company that a significant investor may be attempting to gain control or exert influence over the firm. Musk filed his initial disclosure on April 4—more than ten days after his stake surpassed the reporting threshold—and has not publicly explained the delay.
Previously, on May 6, it was reported that Musk faces an antitrust investigation by the U.S. Federal Trade Commission (FTC) regarding his Twitter acquisition, along with scrutiny over the delayed disclosure of shareholding changes. Sources indicated that the FTC is currently evaluating Musk’s $44 billion deal to acquire Twitter, with a deadline set for next month to determine whether to launch an in-depth review of the transaction.
