Elon Musk spoke out about DOGE's cost-saving potential during a livestream with Stagwell CEO Mark Penn.
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit this week against former Twitter owner Elon Musk X over his purchase of Twitter stock in 2022.
The complaint alleges that Musk failed to timely disclose that he had purchased more than 5% of Twitter's common stock in March of that year.
The SEC said this allowed Musk to continue buying stocks on Twitter at artificially low prices, underpaying him by $150 million.
The U.S. Securities and Exchange Commission filed a lawsuit this week against former Twitter owner Elon Musk over his purchase of Twitter stock in 2022. (Williams/CQ-Roll Call, Inc, Getty Images/Getty Images)
Musk began acquiring Twitter in April 2022 and completed the sale in October of the same year.
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He paid $44 billion for the social media platform.
Reuters contributed to this report.
