Surely the SEC has something better to do than attack someone for tweeting.
Oh, you mean like uphold the law?
SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt
21–30 of 314 posts
Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt
#22At this point, the board of directors should just demand deletion of his Twitter account. I admire Elon for his vision, and actually also admire his radical style despite of its unpopular image - I watched the video where he smoked pot on the radio show. It was a really amazing conversation about future of humanity. He just needs to stop tweeting. You may say it’s fixing the symptom, but here if we take Twitter away,…
...Can a corporation demand an employee waive their right to speech as a private citizen?
I think even if so, that's a terrible idea.
Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt
#23At this point, the board of directors should just demand deletion of his Twitter account. I admire Elon for his vision, and actually also admire his radical style despite of its unpopular image - I watched the video where he smoked pot on the radio show. It was a really amazing conversation about future of humanity. He just needs to stop tweeting. You may say it’s fixing the symptom, but here if we take Twitter away,…
How about, "helped every piece of news break faster." I knew about every trade during the run up to today's 3pm NHL trade deadline many minutes and sometimes hours before the stories appeared on nhl.com or sportsnet, etc.
Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt
#24So what's the potential punishment for this, assuming he's found in contempt?
Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt
#25At this point, the board of directors should just demand deletion of his Twitter account. I admire Elon for his vision, and actually also admire his radical style despite of its unpopular image - I watched the video where he smoked pot on the radio show. It was a really amazing conversation about future of humanity. He just needs to stop tweeting. You may say it’s fixing the symptom, but here if we take Twitter away,…
Twitter's value is providing a direct connection from people of note to the masses, bypassing newspaper/TV/radio gatekeepers of yesteryear. You could argue whether that itself is good for society, but it is clear from Twitter's usage that people find it valuable.
Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt
#26This is where a software solution might actually help. As an example, I've added some keywords to a script in my IRC client that if they exist the message is stopped by my client.
In Elon Musks' case this should be Tesla (and probably some other court mandated muzzles) and should be on their Twitter clients, and other "designated publication channels" that the ruling covers.
Why? Because remembering to not do things is a restraint that is extremely mentally burdensome and thus difficult to get correct 100% of the time.
Also, this should probably apply to CEOs and other "public figures" as a general practice they work with through their PR and marketing firms.
The fact that twitter and other platforms are closed only makes this innovation more difficult to add to end user clients.
Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt
#27At this point, the board of directors should just demand deletion of his Twitter account. I admire Elon for his vision, and actually also admire his radical style despite of its unpopular image - I watched the video where he smoked pot on the radio show. It was a really amazing conversation about future of humanity. He just needs to stop tweeting. You may say it’s fixing the symptom, but here if we take Twitter away,…
Your comment should have stayed dead, I don't know how you revived it. The board of directors demanding he delete his Twitter account is pointless. He would just refuse. Secondly, this has nothing to do with the FCC. Thirdly, your personal hatred of Twitter is completely off topic.
Twitter is decidedly on-topic since it is Elon's misbehavior on twitter that got him into this whole mess.
Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt
#28Surely the SEC has something better to do than attack someone for tweeting.
Not if that person has posted:
1) MAJOR false market moving information regarding a buyout with funding committed that both never happened and turned out to be basically hot air to get back at shorts
2) AGREED to pre-approval of tweets about tesla so that "mistakes" wouldn't happen again
3) Promptly tweaks another FALSE and market moving prediction about 2019 production (500K), which almost immediately leads to the resignation of Tesla General Counsel and then has to be corrected.
This is overdue.
When I first saw the tweet, I was like how in the heck is this getting pre-approval clearance - especially to have such a big increase from guidance (400K guidance, 500K was updated guidance!)
One alternative - have Elon pay out of pocket to all the sorts and anyone else who losses money acting on his tweet addiction.
Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt
#29Earlier quoted context omitted.
According to the filing posted by another user, the first one.
That's incorrect if you read the SEC filling the problem was that he was projecting 2019 production publicly
Right, he was projecting 2019 production publicly, and the SEC cites the first tweet as the projection that violated the original agreement.
Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt
#30At this point, the board of directors should just demand deletion of his Twitter account. I admire Elon for his vision, and actually also admire his radical style despite of its unpopular image - I watched the video where he smoked pot on the radio show. It was a really amazing conversation about future of humanity. He just needs to stop tweeting. You may say it’s fixing the symptom, but here if we take Twitter away,…
...Can a corporation demand an employee waive their right to speech as a private citizen? I think even if so, that's a terrible idea.
Of course they can (and often do).