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 U.S. Securities and Exchange Commission (SEC) has sued Elon Musk, alleging that the billionaire failed to disclose his acquisition of Twitter stocks within the legally required timeframe in 2022. The most surprising aspect of this lawsuit is that it took so long to arrive.

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

The future of TikTok hangs in the balance this week as the Supreme Court of the United States (SCOTUS) prepares to issue a verdict on banning the platform. For months, speculation has been rising about what will become of the popular content creation app that has launched many viral videos and created entire careers.

Chinese authorities are conducting initial talks about selling the Chinese app TikTok to billionaire Elon Musk, Bloomberg reported on Tuesday. On Friday, the U.S. Supreme Court announced that a decision regarding the sale of TikTok's American division or a possible ban on the app's use in the country will be made by January 19.

Chinese officials are reportedly exploring a scenario where Elon Musk could acquire the US operations of TikTok if the short-video app fails to overcome a looming ban in the United States. While Beijing’s preferred outcome is for TikTok to remain under the ownership of its parent company,