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The SEC is looking into how he managed to find $70 billion in cash lying around to take the company private.
johnnyFive · 2074 days ago · link ·
I also heard on the radio that some investors were suing him, arguing that his tweet was a ruse to jack up the stock price.
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Won’t matter by the time the lawsuit are done either the company will be successful and he will easily pay the token fine/settlement or the company will go bankrupt either way there won’t be restitution for those harmed. What he did was likely illegal but probably also the correct move. Likely pre planned or at least as a backup plan when he issued and sold the convertible bonds a while ago