Musk was accused of defrauding investors of $150 million when purchasing Twitter

The US Securities and Exchange Commission (SEC) filed a lawsuit against billionaire Elon Musk. He was accused of failing to timely disclose information about his share in shares of Twitter (now social network X) in early 2022, even before he acquired this social network. The Associated Press reports.. . Musk acquired Twitter in October 2022 and subsequently renamed it X. . . . He said Musk " Spiro called the lawsuit a " . This violation, even if proven, carries only a nominal penalty," . In 2023, Musk announced that the famous social network will change its recognizable logo. . Subscribe to our channels https://t. me/korrespondentnet and WhatsApp.