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SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

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41–50 of 314 posts

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

#41
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…

Musk would start getting creative with a thesaurus.

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

#42

Surely 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 r…

"One alternative - have Elon pay out of pocket to all the sorts and anyone else who losses money acting on his tweet addiction."

Isn't that what happened last time? Elon basically had to pay off investors who lost money due to the stock swings caused by his tweeting BS?

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

#43
post #38

Earlier quoted context omitted.

...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.

I mean, I'm fairly certain that if I started publicly bad-mouthing my company and they noticed, I'd be canned.

Canned by the company yes, not canned by the government.

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

#44

SEC filing: https://www.documentcloud.org/documents/5750664-Show-Cause.h...

The last two pages (pp. 11 and 12) are a great example of why you shouldn't be an arrogant dumbass towards the government. The SEC quotes his 60 minutes interview with Leslie Stahl where he says he doesn't respect the SEC. While I think the SEC has a legitimate grievance here, I'm also guessing this is partly vindictive. Play stupid games...

And I say all that as a big supporter of Elon generally.

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

#45
post #23

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,…

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.

> 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.

Is that just for entertainment or did you use that information in some way?

It's similar to papers or tv stations crowing how they broke a story. So what? Do I really need (or do most people) to know that there is a mass tragedy (only one example) the minute it happens? It can't wait? Not everything that happens is '911' grade information.

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

#46

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,…

...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.

It can even fire them for expressing a political opinion. Particularly if there is a twitter mob involved.

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

#47

Earlier quoted context omitted.

...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.

This is true for every employee of every public company on the planet. We're discussing it here because Mr. Musk thinks the rules don't apply to him.

Sorry that's simply false. You have all your freedoms. You can get fired for exercising them but that doesn't mean you don't have them. If the shareholders wanted to fire Elon Musk they would, but they aren't so the SEC should butt out of the issue.

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

#48
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…

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.

When you're the CEO of a publicly traded company, getting paid millions in stock comp to run that company, you don't get to use the excuse "it's mentally burdensome". The whole reason they're in that position, getting paid those obscene amounts, is that they're supposed to be able to handle the burden. If they're not able to handle it, they should step aside for someone who can.

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

#49

SEC filing: https://www.documentcloud.org/documents/5750664-Show-Cause.h...

The last two pages (pp. 11 and 12) are a great example of why you shouldn't be an arrogant dumbass towards the government. The SEC quotes his 60 minutes interview with Leslie Stahl where he says he doesn't respect the SEC. While I think the SEC has a legitimate grievance here, I'm also guessing this is partly vindictive. Play stupid games... And I say all that as a big supporter of Elon generally.

Government being vindictive would count as evidence against the government, not for it.

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

#50

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 has hardly done anything useful for the society. Yes, but Facebook has done even less.
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