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LetMyPeopleVote

(182,310 posts)

9. The $1.5 million settlement is a joke

Reply to RussBLib (Reply #5)

Thu May 7, 2026, 06:07 PM

May 7

Link to tweet

#ElonMusk has agreed to pay $1.5M to settle an SEC lawsuit alleging he failed to properly disclose his initial shares of Twitter purchased ahead of acquiring the platform:

• The suit alleges Musk’s undisclosed stock purchases cost other Twitter shareholders at least $150M because they sold shares at lower prices without knowing that Musk was amassing shares in the company

• Musk consented to the settlement “without admitting or denying the allegations”

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9 replies

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Highlight:

SEC settles with Elon Musk over Twitter dispute [View all] BumRushDaShow May 4 OP

well dweller May 4 #1

Oh yeah RussBLib May 4 #2

Equivalent to me paying a fine of .3 cents n/t Polybius May 4 #3

If you look at his net worth conservatively to be $780B fujiyamasan May 5 #8

I fear that trump forced the SEC to settle LetMyPeopleVote May 4 #4

should have fined him the entire $150million Musk saved RussBLib May 4 #5

Exactly. nt SunSeeker May 4 #6

The $1.5 million settlement is a joke LetMyPeopleVote May 7 #9

Well that will learn him angrychair May 4 #7