Twitter, Inc. – TWTR $38.28 US Mkt Cap: $29.3 B
Confirmed Update. Undisclosed SEC investigation again confirmed at Twitter. Maintained on Watch List.
In response to a few tweets we saw: The SEC already investigated and reviewed Twitter’s user metrics – many times, most recently in 2020-2021. Twitter kept investors in the dark on this, as well as any ongoing SEC investigation(s). A credible due diligence effort would have easily found this activity. A lot going on here, right?
- The first Freedom of Information Act (FOIA) response indicating the latest SEC investigation of Twitter was dated 13-May-2019. On-going enforcement proceedings now confirmed on appeal four times since, most recently on 15-Mar-2022.**
Investors will likely find a recently confirmed SEC investigation of Twitter more interesting now that Elon Musk is on the scene. We know it’s not because of him.
The Big Question: What is the undisclosed SEC investigation about that we’ve been tracking at Twitter since May-2019? Is there just one investigation? Twitter management needs to speak fully and clearly to this.
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