Elizabeth Warren, Elon Musk's Twitter Feud Escalates As Social Media Company Subpoenaes Democratic Senator
Portfolio Pulse from AJ Fabino
Twitter plans to subpoena Senator Elizabeth Warren as part of its ongoing legal dispute with the Federal Trade Commission (FTC). This follows Warren's call for an investigation into potential conflicts of interest involving Elon Musk's roles as CEO of both Twitter and Tesla Inc. Warren's concerns stem from Musk's decision to buy Twitter in a $44-billion deal, funded in part by the sale of Tesla shares. Twitter's subpoena calls for the production of all communications between Warren and the FTC, as well as with the Securities and Exchange Commission, relating to Twitter or Musk.
July 21, 2023 | 6:16 pm
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Tesla could be impacted by the ongoing legal dispute between Twitter and the FTC, as well as the potential investigation into conflicts of interest involving Elon Musk's roles at both companies. The outcome could affect investor sentiment and Tesla's stock price.
The ongoing legal dispute and potential investigation could lead to regulatory actions that may affect Tesla's operations or reputation. This could negatively impact investor sentiment and cause a decrease in Tesla's stock price in the short term.
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IMPORTANCE 70
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