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US watchdog sues Elon Musk over late Twitter stake disclosure

Elon Musk sits besides US President Donald Trump during a campaign rally. The techpreneur, who is also the CEO of Space X, is being sued for allegedly not disclosing his stake in Twitter on time before he bought the social media platform. PHOTO/@elonmusk/X

Elon Musk is being sued by the securities regulator in the United States for not disclosing his stake in Twitter on time before he bought the social media platform. The US Securities and Exchange Commission (SEC) said on Tuesday that Musk failed to disclose within the required 10-day period that he acquired more than 5 […]