Elon Musk's Late Twitter Reporting Costs Shareholders
Elon Musk, the billionaire entrepreneur, has been charged by the Securities and Exchange Commission (SEC) for not promptly reporting his stake in Twitter. This delay, according to the SEC, helped Musk save around $150 million, which came at the expense of other shareholders. The SEC's rules require investors to disclose a significant stake (5% or more) in a public co...