# X Corp

Type: Company

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/x-corp
Canonical HTML page: https://getlegalbrief.com/entity/x-corp

## Timeline

- **2026-03-20**: Liability Verdict — A federal jury finds Musk liable for fraud against shareholders who sold during the non-disclosure window.
- **2022-10-27**: Acquisition Closes — Musk completes the $44 billion takeover of Twitter and takes the company private.
- **2022-04-04**: Delayed Disclosure — Musk finally discloses a 9.2% stake; Twitter shares jump 27% immediately.
- **2022-03-24**: Filing Deadline — The legal deadline for Musk to file a Schedule 13D disclosure passes without action.
- **2022-03-14**: 5% Threshold Crossed — Musk acquires more than 5% of Twitter shares, triggering the 10-day SEC disclosure window.

## Recent coverage (2 stories)

### NZ Bill Bans U-16 Social Media with 10% Global Revenue Fines
2026-08-24 16:27:39 · Sentiment: Negative · Impact: 6/10 · Sources: 2

New Zealand's proposed legislation creates substantial compliance obligations for high-risk social media platforms, backed by fines of up to 10% of annual global revenue. The bill's age-verification requirements and coalition politics raise key questions about enforceability, privacy, and precedent. Legal teams will track how this maps to Australia's ban and broader global restrictions.
Full story: https://getlegalbrief.com/story/nz-u16-social-media-ban-legal-compliance

### Musk Found Liable for Fraud in $44B Twitter Takeover Shareholder Suit
2026-03-21 01:18:57 · Sentiment: Negative · Impact: 7/10 · Sources: 2

A federal jury has found Elon Musk liable for defrauding Twitter shareholders during his 2022 acquisition of the social media giant. The verdict centers on Musk's failure to disclose his 5% stake within the legally mandated timeframe, which allegedly allowed him to save millions at the expense of selling investors.
Full story: https://getlegalbrief.com/story/musk-liable-twitter-shareholder-fraud

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This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getlegalbrief.com/guides/methodology for the full editorial methodology.