{"id":439158,"date":"2022-04-28T21:26:18","date_gmt":"2022-04-28T18:26:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/elon-musks-twitter-stock-buy-faces-ftc-probe-report\/"},"modified":"2022-04-28T21:26:18","modified_gmt":"2022-04-28T18:26:18","slug":"elon-musks-twitter-stock-buy-faces-ftc-probe-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/elon-musks-twitter-stock-buy-faces-ftc-probe-report\/","title":{"rendered":"#Elon Musk&#8217;s Twitter stock buy faces FTC probe: report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ed799ecbd9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ed799ecbd9\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/elon-musks-twitter-stock-buy-faces-ftc-probe-report\/#%E2%80%9CElon_Musks_Twitter_stock_buy_faces_FTC_probe_report%E2%80%9D\" >&#8220;Elon Musk&#8217;s Twitter stock buy faces FTC probe: report&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CElon_Musks_Twitter_stock_buy_faces_FTC_probe_report%E2%80%9D\"><\/span>&#8220;Elon Musk&#8217;s Twitter stock buy faces FTC probe: report&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Elon Musk reportedly faces a Federal Trade Commission probe into whether he violated federal disclosure rules while amassing an <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately 9% stake in Twitter \u2013 a move that preceded his blockbuster $44 billion takeover of the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> giant.<\/p>\n<p>The feds are examining whether Musk erred under the Hart-Scott-Rodino Act, a 1976 antitrust provision requiring investors to provide a \u201cpre-merger notification\u201d to the FTC and the Justice Department. The law applies for active investors who acquire large stakes in a company.<\/p>\n<p>Musk, who began buying Twitter shares on Jan. 31, initially disclosed his stake in the company in an April 4 filing that classified him as a passive investor. <\/p>\n<p>The billionaire refiled the disclosure one day later to reflect that he was an active investor after he publicly engaged with Twitter\u2019s board about potential changes at the company.<\/p>\n<p>The FTC wants to review communication between Musk and Twitter\u2019s board as it assesses whether he bought shares with plans to play an active role in the company\u2019s activities, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.theinformation.com\/articles\/elon-musks-early-twitter-purchase-under-ftc-scrutiny\">The Information<\/a> reported, citing sources familiar with the matter.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/FTC_musk_twitter.jpg?w=1024\" alt=\"FTC building\" class=\"wp-image-22071094\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/FTC_musk_twitter.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/FTC_musk_twitter.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/FTC_musk_twitter.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The FTC is probing whether Elon Musk intended to play an active role in Twitter when he invested.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>Musk could face fines if the FTC\u2019s probe determines he violated the Hart-Scott-Rodino Act by failing to properly disclose his investment, according to the report. However, the fine would amount to a maximum of $46,517 per each day Musk failed to adhere to guidelines \u2013 a paltry sum for the world\u2019s richest individual.<\/p>\n<p>FTC officials did not immediately return a request for comment on the report.<\/p>\n<p>Musk\u2019s initial disclosure of his Twitter share purchases immediately drew scrutiny from regulatory experts earlier this month \u2013 some of whom noted that the billionaire missed the SEC\u2019s reporting deadline by several weeks when his stake in the company surpassed 5%.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/FTC_Musk_Twitter4.jpg?w=1024\" alt=\"Elon Musk\" class=\"wp-image-22071097\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/FTC_Musk_Twitter4.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/FTC_Musk_Twitter4.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/FTC_Musk_Twitter4.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The FTC probe could result in some fines for Elon Musk.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>Musk exceeded the threshold on March 14, but his stake wasn\u2019t publicly revealed until early April \u2013 meaning the broader market was unaware and share prices did not react to his investment.<\/p>\n<p>The SEC has yet to publicly say if Musk is under scrutiny for that apparent misstep.<\/p>\n<p>While Musk\u2019s personal transactions are under review, antitrust regulators aren\u2019t expected to block his $44 billion Twitter deal.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/FTC_Lina_Khan_Twitter2.jpg?w=1024\" alt=\"FTC Chair Lina Khan is leading a crackdown on Big Tech firms.\" class=\"wp-image-22071091\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/FTC_Lina_Khan_Twitter2.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/FTC_Lina_Khan_Twitter2.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/FTC_Lina_Khan_Twitter2.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>FTC chairwoman Lina Khan has signaled a crackdown on major tech deals and mergers.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>As The Information noted, Twitter has little overlap with Musk\u2019s other business interests, such as Tesla, SpaceX and The Boring Company. However, the FTC is chaired by antitrust crusader Lina Khan, who has signaled a crackdown on major tech deals and mergers.<\/p>\n<p>Federal Communications Commissioner Brendan Carr, the panel\u2019s senior Republican, called suggestions that the FCC could block the deal \u201cabsurd.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/04\/28\/elon-musks-twitter-stock-buy-faces-ftc-probe-report\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Elon Musk&#8217;s Twitter stock buy faces FTC probe: report&#8221; Elon Musk reportedly faces a Federal Trade Commission probe into whether he violated federal disclosure rules while amassing an approximately 9% stake in Twitter \u2013 a move that preceded his blockbuster $44 billion takeover of the social media giant. The feds are examining whether Musk erred&#8230;<\/p>\n","protected":false},"author":1,"featured_media":439159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/elon_musk_twitter.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[128599,39394,70875,4976,70359,10401],"class_list":["post-439158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-28-22","tag-elon-musk","tag-ftc","tag-social-media","tag-stocks","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/439158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=439158"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/439158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/439159"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=439158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=439158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=439158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}