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US Politics

Elon Musk received court summons in SEC suit over failure to properly disclose Twitter stake

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Summary
Nutrition label

78% Informative

The summons pertains to a case concerning Musk 's eventual purchase of Twitter , now known as X, for $44 billion in 2022 .

Prior to the acquisition, Musk built up a position in Twitter of greater than 5% , which would've required disclosing his holdings to the public within 10 calendar days of reaching that threshold.

An answer from Musk , or his attorneys, is due on April 4 .

VR Score

79

Informative language

76

Neutral language

74

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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