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Is the SEC still around? I thought Elon announced he was eliminating all federal agencies this month containing a letter in the word Valentine.
by mrbluecoat 2y ago
Is the SEC still around? I thought Elon announced he was eliminating all federal agencies this month containing a letter in the word Valentine.
- sangnoir 2y agoThe husk of the SEC with its brains scooped out is a useful tool to sic upon one's competitors or ideological enemies. I wouldn't be surprised by an SEC investigation into OpenAI in the next few years.
- IAmGraydon 2y agoYeah I was thinking the same thing. It's only a matter of time before Musk goes after Altman with the newly weaponized agencies.
- SR2Z 2y agoCan the SEC investigate private companies?
- sangnoir 2y agoYes. Public companies just have more reporting requirements, but as long as an organization deals with Securities like shares, they fall under the SEC's ambit, public or private. I think the OpenAI's non-profit to profit transition would have warranted a looking into by any administration, I suspect there will be additional personal animus driving this specific set of players.
- outside1234 2y agoThe SEC will probably still exist to punish enemies. So update your bio with a MAGA photo and something racist.