The post Elon Musk Under Investigation By FED Regarding Twitter Purchase appeared first on Coinpedia Fintech News
According to Reuters, Tesla CEO Elon Musk is currently being investigated by federal authorities in connection with his planned $44 billion purchase of Twitter. The source cited here is a court filing submitted by Twitter on October 13.
Musk’s attorney, Alex Spiro, reported that Twitter’s filing was a “misdirection” and that the company is being investigated.
When Musk was invited to join the Twitter Board earlier this year, he recommended introducing Dogecoin as a payment option for Twitter Blue subscribers in one of his tweets. That is why the DOGE army is awaiting his purchase of the platform. The price of DOGE increased by 10% after Musk publicly disclosed his pivot.