X CEO Says Platform Should Turn Profit in 2024

#1

Post by lxm » Thu, Sep 28, 2023, 2:24 PM UTC

X CEO Says Platform Should Turn Profit in 2024
wsj.com

Re: X CEO Says Platform Should Turn Profit in 2024

#2

Post by Zetobal » Thu, Sep 28, 2023, 2:31 PM UTC

I don't get how it is allowed that C-Suits just are allowed to blatantly lie to their investors/board/users they have the data and they know it won't happen. Exactly how Musks knows FSD won't happen this year...

Re: X CEO Says Platform Should Turn Profit in 2024

#3

Post by alsodumb » Thu, Sep 28, 2023, 2:50 PM UTC

Zetobal wrote: post #2

I don't get how it is allowed that C-Suits just are allowed to blatantly lie to their investors/board/users they have the data and they know it won't happen. Exactly how Musks knows FSD won't happen this year...

To investors and board? I don't think they really care as long as Tesla makes them money which it is.

To users, it doesn't matter unless sometimes sues them. And I'm pretty sure there is some terms and services clause that makes it non trivial to sue.

But also, how is FSD/Tesla relevant to an article on X? Just because it's the same CEO?

Re: X CEO Says Platform Should Turn Profit in 2024

#4

Post by Zambyte » Thu, Sep 28, 2023, 2:50 PM UTC

Zetobal wrote: post #2

I don't get how it is allowed that C-Suits just are allowed to blatantly lie to their investors/board/users they have the data and they know it won't happen. Exactly how Musks knows FSD won't happen this year...

Well, they did say "should" (opinion) rather than "will" (prediction of fact)

Re: X CEO Says Platform Should Turn Profit in 2024

#5

Post by toomuchtodo » Thu, Sep 28, 2023, 2:51 PM UTC

Zetobal wrote: post #2

I don't get how it is allowed that C-Suits just are allowed to blatantly lie to their investors/board/users they have the data and they know it won't happen. Exactly how Musks knows FSD won't happen this year...

Lying to users about performance is covered under free speech. It's securities fraud if Musk is knowingly lying to those with an interest in X, even if a private company. Necessary components are standing ("I own a piece of X"), appetite to litigate, and evidence the statement was knowingly untrue.

https://en.wikipedia.org/wiki/Securities_Exchange_Act_of_193...

https://en.wikipedia.org/wiki/Private_Securities_Litigation_...

Re: X CEO Says Platform Should Turn Profit in 2024

#6

Post by manicennui » Thu, Sep 28, 2023, 2:52 PM UTC

alsodumb wrote: post #3

Zetobal wrote: post #2

I don't get how it is allowed that C-Suits just are allowed to blatantly lie to their investors/board/users they have the data and they know it won't happen. Exactly how Musks knows FSD won't happen this year...

To investors and board? I don't think they really care as long as Tesla makes them money which it is. To users, it doesn't matter unless sometimes sues them. And I'm pretty sure there is some terms and services clause that makes it non trivial to sue. But also, how is FSD/Tesla relevant to an article on X? Just because it's the same CEO?