Elon Musk pictured .
Several of Musk’s backers are either fellow billionaires or major venture capital firms. It’ll be interesting to see whether or not they’re still prepared to back Musk’s bid , given the fact two investigations are now underway . If proven to be true , then the Justice Department could seek to bring federal charges against Elon Musk.
There was always something dubious about Elon Musk began gathering his stake in Twitter before making his outright bid. Now all of a sudden both the SEC ( Securities & Exchange Commission) and FTC (Federal Trade Commission) have begun separate investigations into Musk’s gathering of his initial stake and then building up that stake before launching his $44.1 billion bid.
The South African born American citizen , Elon Muak has always been ethically challenged from a business standpoint and has come under the scrutiny of the SEC once before. Their findings proved to be troubling , but Musk was merely warned about his conduct. I’d like to know how falsifying your business records before an IPO (initial public offering) isn’t seen as a major felony? Are the idiots running the SEC that frigging stupid ?