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A comment on Musk announces funding secured for Twitter buy. Parent comment

Re:Musk announces funding secured for Twitter buy by username_my1 on Thursday April 21, 2022 @11:43AM (#31110947)
It's not really about that alone.

Musk have a case against him by the SEC (tweeting about taking tesla private), it seems like they can win it, and he might be forced to stop using twitter.

Now I can imagine it hard for the SEC to enforce such a role if it's his private company.

So in a sense he's using that money to secure his best tool to marketing / growth which is definitely worth 50Bn$ for tesla alone (then add all his other ventures now and in the future)

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Re:Musk announces funding secured for Twitter buy by dwighttk on Thursday April 21, 2022 @11:46AM (#31110988)
Is the SEC upset about Elon’s tweeting or making public statements that happen to occur on Twitter?
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Re:Musk announces funding secured for Twitter buy by elliekelly on Thursday April 21, 2022 @12:24PM (#31111517)
It was definitely his false and misleading statements that were the problem.
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Re:Musk announces funding secured for Twitter buy by a2800276 on Thursday April 21, 2022 @12:42PM (#31111782)
The SEC doesn't need to persuade Twitter to enforce anything and it would make a difference if Twitter is public or private. The SEC can sanction Musk as an individual and officer of Tesla. As such insider trading rules (and whatever?) apply to him, no matter what medium he uses to break them.

(And please explain how publishing stoner and dogecoin memes is worth $50billion to Tesla... ;)

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Re:Musk announces funding secured for Twitter buy by onelovetwo on Thursday April 21, 2022 @11:51AM (#31111069)
He addresses the SEC thing here: https://youtu.be/cdZZpaB2kDM?t=1635
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Re:Musk announces funding secured for Twitter buy by VectorLock on Thursday April 21, 2022 @11:47AM (#31111005)
>he might be forced to stop using twitter

Just like last time.

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Re:Musk announces funding secured for Twitter buy by SkyMarshal on Thursday April 21, 2022 @11:56AM (#31111163)
SEC already punished him by making him step down as chair of Tesla for 3 years, plus a fine. And I doubt that curtailing anyone’s first amendment rights is a punishment the SEC is legally allowed to enact.

[1]:https://www.sec.gov/news/press-release/2018-226

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Re:Musk announces funding secured for Twitter buy by elliekelly on Thursday April 21, 2022 @12:28PM (#31111564)
The SEC “curtails first amendment rights” all the time. It’s arguably one of their most effective means of enforcement: an order or agreement to stop lying.
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Re:Musk announces funding secured for Twitter buy by SkyMarshal on Thursday April 21, 2022 @01:06PM (#31112133)
I am not a lawyer, but restricting Musk from being able to speak publicly seems an overly-broad way of restricting him from lying about market-related things, given that the latter is a small subset of his overall speech.
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Re:Musk announces funding secured for Twitter buy by elliekelly on Thursday April 21, 2022 @01:20PM (#31112380)
I don’t think it’s likely the SEC would prohibit him from using twitter altogether but I don’t think it’s entirely beyond their ability, either. Especially in the context of a settlement agreement.
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