Elon Musk’s Twitter stake purchase under FTC scrutiny
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© Reuters. FILEPHOTO: This illustration, which was taken on April 25, 2022, shows Elon Musk’s Twitter username through the logo. REUTERS/Dado Ruvic/Illustration/File Photo(Reuters) – Tesla (NASDAQ) Inc Chief Executive Elon Musk’s initial 9% stake buy in Twitter Inc The Federal Trade Commission is investigating the (NYSE:) stock, according to The Information on Thursday.
According to the report, people familiar with the matter are asking the FTC whether Musk met antitrust reporting requirements when he purchased his share in the social media firm in April.
Twitter didn’t immediately reply to Reuters’ request for comment.
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