Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

wsj.com

Post reply on HN
Print view View original

231–240 of 314 posts

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#231

Post by morpheuskafka »

supernovae wrote: post #81
blhack wrote: post #75

Earlier quoted context omitted.

He's a human being who also happens to be the head of a public corporation. We can't expect every single action he takes at every point to be filtered into legalese. IMO, if he had said this in an earnings call, or presented it in a way that made it seem "official", then I could get the problem, but it's twitter .

We don't even hold our president liable for what he says on twitter.

Trump didn't commit securities fraud on Twitter. Yes, his Tweets are outrageous and absurd, but very few if any break the law. Him blocking people on Twitter was found to be unlawful and reversed by a court--for the same reason as Musk's activities, because he has repeatedly used his "personal" account for his job.

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#232

Post by rory096 »

Dylan16807 wrote: post #193
sangnoir wrote: post #190

Earlier quoted context omitted.

> This tweet was not an edit to a pre-approved communication. That is the problem, in a nutshell: it should have been pre-approved - according to the FCC's interpretation of the settlement agreement.

Maybe. But don't confuse different arguments about why. If the tweet needed pre-approval, it's for a reason entirely different from this quote.

Whether or not it's a valid argument, that does seem to be the SEC's argument here.

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#233

Post by [deleted] »

mjevans wrote: post #26

This 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…

[deleted]

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#234

Post by Dylan16807 »

rory096 wrote: post #232
Dylan16807 wrote: post #193

Earlier quoted context omitted.

Maybe. But don't confuse different arguments about why. If the tweet needed pre-approval, it's for a reason entirely different from this quote.

Whether or not it's a valid argument, that does seem to be the SEC's argument here.

It's not the core of their argument, though. It's probably thrown in just in case it could possibly be considered relevant.

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#235

Post by duxup »

spectramax wrote: post #3

At 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,…

It really only shames companies for the few customers who get attention too.

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#236

Post by godzillabrennus »

spectramax wrote: post #3

At 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 is a giant customer service system.

It’s more effective than sitting on hold waiting for a giant company to ignore you.

One reasonable tweet about an issue and usually a customer service rep reaches out.

I tweeted about how a company saved Christmas for our family with a last minute furniture delivery. We were going to take a secondary choice on color for that item to arrive on time.

The CEO of the company got involved and we got the right color on time.

Company is LoveSac and they were great but wouldn’t have even know about the issue without Twitter.

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#237

Post by m_mueller »

oxymoran wrote: post #147
spectramax wrote: post #3

At 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,…

I would rather he just let someone else handle Tesla and focus on SpaceX, Neuralink, and whatever other private ventures. He just isn’t meant to head a public company.

Isn’t one of Tesla’s problems that they don’t have an operations chief of the caliber of Shotwell? They essentially need their own Tim Cook - boring but dedicated and gets things done.

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#239

Post by [deleted] »

mabbo wrote: post #170
SimbaOnSteroids wrote: post #100

Earlier quoted context omitted.

It wouldn't be too hard to give him a twitter clone app that flows through a middleman before going live, git pull requests for twitter if you will.

I've been saying for years that Twitter ought to be offering that as a paid-for feature. They don't even have to charge much for it. Even something as simple as "All tweets have a 120 second delay during which time the following users will be pinged, shown the tweet, and given veto powers on it". I'd pay for it just to have my wife be able to say "Really? You want to tweet another picture of the cat? No."

[deleted]

Re: SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

#240

Post by manicdee »

gamblor956 wrote: post #91
blhack wrote: post #64

My knowledge of how publicly traded companies work is very limited, but: Was what he said really that bad? He said: >Tesla made 0 cars in 2011, but will make around 500k in 2019 And then later corrected himself with: >Meant to say annualized production rate at end of 2019 probably around 500k, ie 10k cars/week. Deliveries for year still estimated to be about 400k. This seems like a pretty simple mistake to have made,…

Last year Elon made a series of deliberately false statements made with the sole purpose of artificially inflating the stock price of his crime. CEOs have gone to jail for years over misrepresentations less outrageous than Elons'. He was able to avoid prison time and hundreds of millions in fines by agreeing to a slap-on-the-wrist settlement with the SEC that required a small fine and, crucially, that his tweets be r…

He did no such thing. You are probably referencing a series of tweets where Elon was openly contemplating what would be required to buy back Tesla shares. The settlement with SEC clearly stated that no fault was found and no guilt admitted.

Why people get so excited about Musk spewing numbers over Twitter is beyond me, when the responsible course of action is to verify claims against other better vetted sources.

The crowd was eager to hang Elon over “funding secured” despite the entire deal being dependent on shareholder agreement.

The crowd is now eager to hang Elon over a typo.

I think it’s the crowd that needs to delete Twitter, not Elon.

Before you start discussing SEC rules remember these are all people who have been complicit in regulatory capture and they are all by definition the worst people for the job. They stood by while market manipulation was being performed daily through media publishing misleading stories in time to shake up morning trading. The SEC is corrupt to the core.

Post reply on HN