Elon Musk faces US SEC lawsuit over late disclosure of Twitter stake The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against billionaire entrepreneur Elon Musk, accusing him of failing to disclose his acquisition of a significant stake in Twitter within the required timeline. The case stems from Musk’s 2022 takeover of the social media platform, now rebranded as X. According to the SEC, Musk began accumulating Twitter shares in early 2022 and surpassed the 5% ownership threshold on March 14, 2022. READ ALSO: Elon Musk changes Twitter’s bird logo to X Federal...