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 SEC sued Elon Musk in federal court on Tuesday for allegedly misleading shareholders when he bought hundreds of millions of dollars worth of Twitter stock in 2022.

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.

The Securities and Exchange Commission waged another legal battle against Tesla (TSLA) CEO and X owner Elon Musk, this time accusing the billionaire of defrauding Twitter’s shareholders. In a lawsuit filed in a Washington,

The lawsuit accused Musk of misleading shareholders by not reporting his 2022 investment in the social-media company in a timely manner.

Regulators filed a lawsuit in federal court stemming from Mr. Musk’s $44 billion purchase of the social media company now called X.

The SEC said Elon Musk had enriched himself at the expense of Twitter shareholders by not reporting a 5% stake he amassed in Twitter, now X, in time.

The U.S. Securities and Exchange Commission is suing Elon Musk for allegedly failing to properly disclose his purchase of Twitter shares before buying the company, currently known as X.

The CEO of OpenAI, Sam Altman took to his social media account on X (formerly Twitter) to share his thoughts about a letter of inquiry he received from Senators Elizabeth Warren and Michael Bennet. The letter raised questions about the motivations behind his donation to the incoming president’s inaugural fund.

After boosting Donld Trump through extreme sycophancy, turning Twitter into the red-pilled X, and dousing the once-and-future president with $239 million in campaign contributions, Musk earned himself a starring role in Trump’s second administration. But he didn’t want to be a secretary of anything; rather, he wanted DOGE.

American aerospace company SpaceX, led by Elon Musk, holds 8,285 Bitcoin valued at approximately $851 million, according to data from Arkham Intelligence. The firm has reportedly earned $700 million in profits from its Bitcoin investments since 2022.