3 ms·

I’m not going to argue sentencing, but I feel it’s necessary to point out that Musk doesn’t get to make random tweets, especially about price-sensitive investor

by moomin 8y ago

I’m not going to argue sentencing, but I feel it’s necessary to point out that Musk doesn’t get to make random tweets, especially about price-sensitive investor information. The SEC treats his account as a corporate mouthpiece and anything he says on it can be treated as an official statement. This isn’t his first rodeo: he should know this stuff off by heart. As it is, you have to wonder what other fiduciary duties he’s not up to speed on.

FartyMcFarter 8y ago
> The SEC treats his account as a corporate mouthpiece Because Tesla told everyone to treat his account as a corporate mouthpiece: https://www.cnbc.com/2018/08/08/reuters-america-update-7-u-s-sec-examining-musks-tweets-on-taking-tesla-private-wsj.html https://www.cnbc.com/2018/08/08/reuters-america-update-7-u-s... "Tesla alerted investors in a 2013 SEC filing that they should follow Musk's Twitter feed for "additional information" about the company."