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SEC Investigating Elon Musk for the Delayed Disclosure of Twitter Stake

The Securities and Exchange Commission (SEC) is analyzing the case that resulted in Musk’s late submission of a form investors must file when they purchase more than 5-percent of a company’s shares.

Eduardo Razo

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The finalization of Elon Musk’s venture into Twitter has hit a bump in the road, as the Wall Street Journal reports that U.S. regulators are investigating the Tesla CEO for the delayed disclosure of his sizable stake in the social media giant. 

Sources close to the situation told The Journal the Securities and Exchange Commission (SEC) is analyzing the case that resulted in Musk’s late submission of a form investors must file when they purchase more than 5-percent of a company’s shares.

Musk filed the form at least ten days after the date when he was supposed to after the entrepreneur disclosed on April 4 that he had purchased a 9.2% stake in Twitter. The newspaper reports that he should have filed his disclosure by March 24 regarding SEC Rules. 

Musk offered to buy Twitter on April 14, and the social media outlet accepted his bid on April 25. However, the agreement is still required to pass shareholder and regulatory authorization.

Regardless of the situation, any possible lawsuit that the SEC might bring would be unlikely to disturb the deal closing, The Journal added. 

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CNN Media Editor An Phung Latest to Depart From Network

The changes at CNN continue as the network’s Senior Editor of Media, An Phung, announced on Wednesday via Twitter that she would leave her position.

Eduardo Razo

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The changes at CNN continue as the network’s Senior Editor of Media, An Phung, announced on Wednesday via Twitter that she would leave her position. 

Phung has spent the last five and a half years on the media desk, working closely with reporter Oliver Darcy, managing editor Alex Koppelman, and former “Reliable Sources” host Brian Stelter. 

“I am sad to announce that I will be leaving CNN,” Phung tweeted. There isn’t enough room here to praise all the people who made it a great place to work. 

“And there are so many people to thank for helping me tell good and important stories about the threats against journalism and democracy.”

She didn’t reveal when her last day at CNN will be; however, Phung is “spending my remaining time at CNN expressing my gratitude to them.” During her time at the media desk, Phung has credited Darcy, Koppelman, and Stelter for making her a stronger editor. 

Phung didn’t disclose what’s next for her career and, for now, is reflecting on her time at CNN, considering having a background as a refugee. 

“For a kid born on a refugee boat, a prestigious job at CNN was never a given,” Phung tweeted. “Then to be able to work with some of the most brilliant journalists in the industry—this job has just exceeded my biggest and boldest childhood dreams. I am living proof of what is possible.”

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Fox Nation Announces Debut Date for ‘Cops’

FOX Nation announced that it is expanding its library of “COPS” shows with new episodes starting next week after it was initially canceled by Paramount Network.

Ryan Hedrick

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FOX Nation announced that it is expanding its library of “COPS” shows with new episodes starting next week.

In a release, the network said the new season will premiere with the first three 20-minute episodes dropping on September 30th, followed by a new offering debuting every Friday at 6 PM/ET throughout the fall.

“It has been nearly one year since we greenlit COPS and the reaction has been positively overwhelming,” said Jason Klarman, president of the streaming service.

FOX Nation will continue to offer a free, one-year subscription to all first responders, including police officers, firefighters, emergency medical technicians and paramedics (EMS personnel).
 
“Our subscribers continue to flock to the series, and we’re excited to provide our engaged audience with more of the exclusive content they have come to rely on from FOX Nation,” added Klarman.

Last year, the Paramount Network canceled “COPS” following the murder of George Floyd. In reviving the series, Fox Nation has also picked up an additional 15 episodes from the 32nd season.

FOX Nation is available at foxnation.com

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Cenk Uygur Defends Having Dennis Prager on ‘The Young Turks’

“Because we’re not afraid of right-wingers and we don’t view media as an a**-kissing exercise, like traditional media does,” Uygur tweeted.

Eduardo Razo

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Cenk Uygur, the host of “The Young Turks,” is defending his decision to have radio host Dennis Prager on his Thursday show. 

When pressed about having Prager, Uygur stated that their program isn’t afraid to have an alternative view which is what the traditional media does in his eyes. 

“Because we’re not afraid of right-wingers and we don’t view media as an a**-kissing exercise, like traditional media does,” Uygur tweeted.

“If you think afterward we didn’t sufficiently challenge him, then rip us. But you assume we’re not going to challenge him because you’re used to soft media.”

The episode with Prager goes live at 6 p.m. ET on Thursday and Uygur didn’t reveal what they’ll discuss with the radio host, but he did state that the show “should be a dynamic conversation, to say the least!”

Whatever they discuss, there are plenty of ongoing situations in the country to debate, whether it’s the immigration issue with governors facing backlash for political stunts to the upcoming midterm elections that are right around the corner.

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