The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site.

The US Securities and Exchange Commission sued Elon Musk on Tuesday for failing to properly disclose his ownership of X, then known as Twitter, which allowed him to buy shares of the platform at “artificially low prices.

The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.

After years of rejecting the idea of a sale of TikTok’s US assets to an American buyer in order to avert a ban, China and ByteDance may have found an owner they could live with: Elon Musk.

TikTok’s U.S. operations might soon have a new owner - Elon Musk. Chinese officials are said to be considering allowing the sale of the social network to the billionaire.

TikTok has rejected claims that its US business could be sold to Elon Musk. The platform’s statement comes in response to a Bloomberg report on Monday, which said Chinese officials were considering selling its US business to Elon Musk should they fail to convince the Supreme Court to overturn the ban.

Elon Musk has responded after Tesla's proposal for a semi-truck charging corridor was rejected by the White House for a third time.

Elon Musk’s net worth has dropped $5.4 billion this year, mostly due to trouble at Tesla Inc. (NASDAQ: TSLA). His total is now $427 billion, which puts him miles ahead of Jeff Bezos, who has a net worth of $237 billion,