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Trump unblocks more Twitter users after U.S. court ruling

reuters.com

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Re: Trump unblocks more Twitter users after U.S. court ruling

#5

Post by chollida1 »

In a slightly related topic to blocking people on twitter, Elon Musk is being investigated by the SEC for a whole whack of things he shouldn't have done.

1) Release material information without alerting the exchange to stop trading

and

2) and this is the tie in, releasing said information on his personal twitter account. Now this is normally fine based on RegFD but he has blocked people on twitter and RegFD is very clear that information can't not be disseminated in a way that isn't available to everyone at the same time.

being the two major ones pertinent to twitter.

Other things like claiming "funding secured" when your board, bankers and supposed funders all claim otherwise are also bad and likely to get him in more trouble, but are not important to the twitter disclosure.

The solution to this is to use the newswire like everyone else in the US stock market but if he wants to use twitter, and it looks like he may no longer be able to after the SEC is done, then he'll most likely not be able to block anyone from seeing his tweets.

I'm not sure how else you can fulfill the very reasonable requirement of equal disclosure to everyone otherwise.

Re: Trump unblocks more Twitter users after U.S. court ruling

#6

Post by dwringer »

chollida1 wrote: post #5

In a slightly related topic to blocking people on twitter, Elon Musk is being investigated by the SEC for a whole whack of things he shouldn't have done. 1) Release material information without alerting the exchange to stop trading and 2) and this is the tie in, releasing said information on his personal twitter account. Now this is normally fine based on RegFD but he has blocked people on twitter and RegFD is very c…

[deleted because I was misinformed, as pointed out by a below comment]

Re: Trump unblocks more Twitter users after U.S. court ruling

#7

Post by mortenjorck »

chollida1 wrote: post #5

In a slightly related topic to blocking people on twitter, Elon Musk is being investigated by the SEC for a whole whack of things he shouldn't have done. 1) Release material information without alerting the exchange to stop trading and 2) and this is the tie in, releasing said information on his personal twitter account. Now this is normally fine based on RegFD but he has blocked people on twitter and RegFD is very c…

With Twitter’s gradual shift from chronological timeline to overeager algorithmic shuffle, even if Musk unblocks everyone, users could conceivably not be served a tweet that would fall under SEC regulation based solely on the algorithm deciding they would “engage” more with other content.

Re: Trump unblocks more Twitter users after U.S. court ruling

#8

Post by dfxm12 »

dwringer wrote: post #6
chollida1 wrote: post #5

In a slightly related topic to blocking people on twitter, Elon Musk is being investigated by the SEC for a whole whack of things he shouldn't have done. 1) Release material information without alerting the exchange to stop trading and 2) and this is the tie in, releasing said information on his personal twitter account. Now this is normally fine based on RegFD but he has blocked people on twitter and RegFD is very c…

[deleted because I was misinformed, as pointed out by a below comment]

Spicer's statements as press secretary represent neither a legal precedent nor necessarily the opinion of the Justice Department, though. I know you didn't specify "legal precedent", but that's the only precedent that would've mattered here. This is why this case had to be sorted out in the courts.

On the topic of Musk, the SEC has protocols that need to be followed. Even if Musk blocked 0 people, I'm sure he'd be under investigation.

Re: Trump unblocks more Twitter users after U.S. court ruling

#9

Post by chollida1 »

dwringer wrote: post #6
chollida1 wrote: post #5

In a slightly related topic to blocking people on twitter, Elon Musk is being investigated by the SEC for a whole whack of things he shouldn't have done. 1) Release material information without alerting the exchange to stop trading and 2) and this is the tie in, releasing said information on his personal twitter account. Now this is normally fine based on RegFD but he has blocked people on twitter and RegFD is very c…

[deleted because I was misinformed, as pointed out by a below comment]

> A potentially crucial difference is that Donald Trump's White House Press Secretary said in a press conference in June 2017 that Trump's twitter statements should be construed as official statements by the president's office. I'm not aware of a similar precedent involving Musk.

Well Tesla has gone on record with an 8-k form that indicates that Elon's personal twitter account is able to speak for Tesla officially.

https://www.sec.gov/Archives/edgar/data/1318605/000119312513...

Sorry, I should have put this in my original comment so you didn't have to make your comment:(

Re: Trump unblocks more Twitter users after U.S. court ruling

#10

Post by bcheung »

educationdata wrote: post #3

Does this mean all public officials are not allowed to block twitter users? Or this court ruling only works on Trump?

It has to do with denying citizens access to information from the government. So it would probably depend on whether public officials are using an account for official government usage or if it is personal.
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