Tech

Supreme Court rejects Elon Musk’s efforts to get rid of his ‘Twitter nanny’

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on telegram
Share on email
Share on reddit
Share on whatsapp
Share on telegram


Musk was required to receive approval from his so-called “Twitter assistant” after signing a consent decree with the SEC in 2018 in response to his tweets about taking Tesla private, in which he falsely declared he had “funding secured.”

But since agreeing to the settlement, Musk has been trying to evade the consent decree that a lawyer review posts that could have a material impact on Tesla before publishing them. Furthermore, if the Twitter nanny really exists, no one has come forward to claim the role. Tesla declined to identify the person. AND BloombergDana Hullwho has been investigating the Twitter nanny for years, has yet to find a name.

Twitter’s nanny lives

Last year, a federal appeals court rejected Musk’s bid to void or modify the agreement. Musk’s lawyers appealed the decision to the Supreme Court, arguing that it violated their client’s free speech rights. But today, the court refused to take up the case, upholding the lower court’s ruling.

The federal appeals court found that the SEC investigated only three of his previous tweets: the infamous 2018 “funding secured” tweet, which later resulted in the consent decree, a $40 million fine, and the loss of Tesla’s chairmanship by Musk; and two other tweets, one that contained misleading information about Tesla’s vehicle production and another about research proposing that Musk sell 10% of his Tesla shares.



Source link

Support fearless, independent journalism

We are not owned by a billionaire or shareholders – our readers support us. Donate any amount over $2. BNC Global Media Group is a global news organization that delivers fearless investigative journalism to discerning readers like you! Help us to continue publishing daily.

Support us just once

We accept support of any size, at any time – you name it for $2 or more.

Related

More

1 2 3 9,595

Don't Miss