King of Comedy Elon Musk really loves his jokes. Since he's the world's richest man and the boss of several high-profile companies, that means everyone around him has to love them, too. That probably isn't a point of friction at Musk's long-standing ventures,

Elon Musk lost a legal fight over unpaid severance to a former Twitter employee who was laid off when he took over the social media platform in 2022, according to a memo obtained by Bloomberg News.

The Securities and Exchange Commission intends to seek sanctions against Elon Musk over his failure to appear for testimony in an investigation related to his takeover of Twitter, now called X, the regulator said in a court filing Friday.

The dispute's resolution comes nearly two years after Elon Musk bought Twitter for $44 billion and subsequently laid off more than half of the company’s workforce.

Update: He's now on the board. Elon Musk becoming the largest shareholder in Twitter certainly raises some eyebrows, but what caused him to make the move? And what could it all mean for Twitter's future?

Elon Musk did not attend court-ordered testimony for the SEC's probe into his takeover of Twitter, which is now X.

The resolution of the dispute, which was handled through arbitration, comes almost two years after Musk acquired Twitter.