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Elon Musk is facing a lawsuit from the SEC for allegedly failing to disclose his stake in Twitter, now X, prior to its acquisition, which the SEC claims resulted in Musk underpaying by over $150 million. The lawsuit reveals detailed communications between Musk and Twitter's board, indicating he privately informed them of his ownership before making a public announcement. Meanwhile, discussions around a potential TikTok acquisition by Musk could reshape the platform, though it may encounter regulatory challenges and concerns over its proprietary algorithm.
Anindya Ghose
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
TikTok's Future Uncertain as Ban Looms Amid National Security Concerns
16:00 16.01.2025
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