Joke or otherwise, the tweets are likely to draw scrutiny from the SEC, given the share price move and Musk’s history of skirting US securities rules, legal experts said. — Reuters
WASHINGTON: While the US securities regulator is likely to examine Elon Musk’s tweet in which he joked about buying New York-listed soccer club Manchester United, legal experts say that on its face the crack is unlikely to land him in hot water.
Musk, the world’s richest person, briefly lifted the gloom over the club’s shares by tweeting on Aug 16: “I’m buying Manchester United ur (sic) welcome,” to his 103 million followers, adding later that it was a “joke”.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
