tech

Elon Musk accused of breaking law while buying Twitter stock

40 Comments
By MICHAEL LIEDTKE

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40 Comments
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It is so obvious that Musk is a threat to the left. As long as he makes electric cars and keeps his mouth shut, they are very happy. God forbid he starts talking about freedom of speech, the left goes into a tizzy fit and does everything in their power to shut him down. This will not end well for Twitter and the Twits.

12 ( +24 / -12 )

Was inevitable. On top of all of the other unfounded accusations.

2 ( +11 / -9 )

The left are running scared, and its hilarious to watch Musk mock them so publicly. They can't cancel him, so are trying to hamstring him through the courts. And they'll fail.

Elon's not perfect, just like the rest of us, but he has a good sense of humour. I'd like to see him toy around with shares in whoever owns CNN and MSNBC etc just to screw with their minds. But if he does, keep most of the on-air clowns on air just to see their reactions. Comedy gold.

8 ( +17 / -9 )

He broke the law. All the above comments are beside the point.

-2 ( +12 / -14 )

twitter?

no thanks.

5 ( +9 / -4 )

Waddo

no he is alleged to have broken the law. Thats what the court is being asked to decide

12 ( +15 / -3 )

It is so obvious that Musk is a threat to the left.

It is going to blow your brain when you learn that Musk names his Space X ships after the starships in the novels of the Scottish socialist Iain Banks.

https://www.theguardian.com/books/booksblog/2018/jun/19/elon-musk-iain-banks-culture-novels

-8 ( +1 / -9 )

I'm not sure why any article with Musk's name on it now automatically triggers a bunch of unrelated political posturing, but this is just a civil lawsuit alleging he violated disclosure requirements contained in securities regulation, about as apolitical as you can get.

10 ( +12 / -2 )

I'm not sure why any article with Musk's name on it now automatically triggers a bunch of unrelated political posturing, but this is just a civil lawsuit alleging he violated disclosure requirements contained in securities regulation, about as apolitical as you can get

They do get a bit emotional, don’t they?

Unable to discuss things rationally.

5 ( +10 / -5 )

Of course he wouldn’t have become that big if always and exactly abiding to every rule. No, the success is the result of daily and consequent near-to-crime or gray zone acting. And now he’s even too big to fail and can also afford to test a few of the red lines. As long as he doesn’t overdo, nothing really will happen. He has now reached quite an individual freedom level…lol

-1 ( +2 / -3 )

They’ll bring a lawsuit against this guy for anything. IMO he’s still the most interesting billionaire. On a personal level I think I would hate the guy. If given the chance, I’d much rather have dinner with Richard Branson. At least Branson seems human and doesn’t talk like a robot.

3 ( +6 / -3 )

Elon Musk is scouting out his Twitter management replacement team as we speak.

-1 ( +3 / -4 )

Elon Musk is an enemy of anyone who likes freedom. He wants us all in his self driving cars, using his version of google maps, to restrict, log and curate the route of every trip we make.

-8 ( +4 / -12 )

They’ll bring a lawsuit against this guy for anything. IMO he’s still the most interesting billionaire. On a personal level I think I would hate the guy. If given the chance, I’d much rather have dinner with Richard Branson. At least Branson seems human and doesn’t talk like a robot.

He does come across as eccentric to say the least but he’s obviously got serious intellectual horsepower.

I think it’s probably best to wait and see if there’s anything in these allegations.

Musk seems to have become a figure sending the addled partisans into meltdowns.

0 ( +4 / -4 )

LOL! Now that free speech threatens the left's monopoly on information, they start to throw everything they can at Musk. "The law is the law" is the last bastion of the anti-justice mob. Musk will easily deal with the famously corrupt SEC.

1 ( +5 / -4 )

I wouldn’t mess with the SEC.

-3 ( +1 / -4 )

This is not a suit brought by the SEC but by ambulance chasing (or agenda driven) lawyers on behalf of shareholders who missed out on the steep rise in price that might have occurred had he announced his purchases earlier. no big deal. He can pay these people out of his petty cash.

6 ( +8 / -2 )

The left-right dialectic is a hell of a drug judging from many of these comments.

Ironically, that is a lot of what fuels Twitter discourse.

https://bloodknife.com/culture-war-iain-m-banks-jeff-bezos/

5 ( +5 / -0 )

Now that free speech threatens the left's monopoly on information

Monopoly on information?

I think you’ve misunderstood the meaning of ‘monopoly’.

On que the commie Jimizo shows up. Haha.

Hysterical.

1 ( +5 / -4 )

I’m pretty sure he’s going to buy the company in some form just give it some time

3 ( +6 / -3 )

I’m pretty sure he’s going to buy the company in some form just give it some time

keep this up Twitter share will go through the roof, 51% stake is going to be really expensive, if its even worth it at all.

1 ( +2 / -1 )

lets face it conservative are just praying that Elon will reinstate Trumps twitter account, and let the lies and misinformation continue. have to remember liberals buy EVs not conservatives, love to see the backlash on his Ev sales if that was ever to eventuate lol

-1 ( +3 / -4 )

keep this up Twitter share will go through the roof, 51% stake is going to be really expensive, if its even worth it at all.

For freedom of speech into a guy that has an inexhaustible amount of money like a mask, I think so

-1 ( +3 / -4 )

lets face it conservative are just praying that Elon will reinstate Trumps twitter account,

That as well and not only that, other conservatives as well, everyone should have the equal right to freedom of speech Jess one side of the political spectrum

and let the lies and misinformation continue.

But you have no problem with the Ayatollah being on Twitter and hurling his toxic racist and vile crap?

have to remember liberals buy EVs not conservatives, love to see the backlash on his Ev sales if that was ever to eventuate lol

Well, on the flipside you have liberals doing the same thing opposite on the conservatives that they lie all the time and yet, they Twitter accounts are open, so yeah, I think it’s a good thing if he now or in the future changes the culture of freedom of speech, the first amendment democracy

-1 ( +4 / -5 )

I don’t really care who owns Twitter.

Elon is free to joke around as he wants to as long as its within the laws. If he breaks the law why shouldn't he get punished like anyone else who breaks the law? He shouldn’t get any special treatment because some people think he is funny or think he is really smart.

2 ( +4 / -2 )

It's funny how Trump supporters think Elon Musk is a right wing radical conservative.

1 ( +3 / -2 )

It's funny how Trump supporters think Elon Musk is a right wing radical conservative.

I think you are sadly mistaken, conservatives don’t believe bad, but we do know that the man believes in the first amendment deeply for everyone and you don’t need to be conservative to believe in that.

-1 ( +2 / -3 )

Some of his comments are a bit off, but liked his SEC jibe - the "E" stands for Elon's........

0 ( +1 / -1 )

The board feels their power slowly slipping away in politics towards free speech?

2 ( +3 / -1 )

It's funny how Trump supporters think Elon Musk is a right wing radical conservative.

exactly, lol Elon is an extreme capitalist. if it wont make him a profit then hes not for, can you imagine the backlash from liberal EV buyers if he started to use Twitter for lies and misinformation, and allowed all those banned for using those lies to be reinstated on twitter. freedom of speech isnt an excuse for freedom to lie and spread misinformation

conservatives dont buy Evs liberals do lol

-1 ( +2 / -3 )

man believes in the first amendment deeply for everyone and you don’t need to be conservative to believe in that.

but not when it effects his profits, sacking workers when they demand better conditions is pretty far from the 1st amendment

0 ( +1 / -1 )

Elon is a money-monger. If that's what he wants, that's fine. (Massaging stocks for a bigger better profit)

0 ( +1 / -1 )

Just the other day someone commented that Musk was already extremely rich so why would he try manipulating twitter stock to make a few more million?

Well the answer is simple GREED and EGO!

-3 ( +0 / -3 )

He will probably have to pay a penalty, but his lawyer is, I'm sure, on retainer. In the fast lane, life will go on.

0 ( +0 / -0 )

There's no question that he broke SEC rules and thus, US law. His only hope to get out of it is a jury trial where the jury chooses to ignore the law. I wouldn't count on this in this situation.

He's clearly guilty.

What's the correct punishment for someone who argues with the SEC over 1st world issues where fines don't seem to bring compliance with law?

Musk STOLE millions from regular investors. That's the bottom line.

0 ( +0 / -0 )

exactly, lol Elon is an extreme capitalist.

Doesn’t mean that he’s a conservative.

if it wont make him a profit then hes not for, can you imagine the backlash from liberal EV buyers if he started to use Twitter for lies *

He wouldn’t, he’s trying to combat the lies and the suspension of equal freedom of speech for all.

freedom of speech isnt an excuse for freedom to lie and spread misinformation

All the more reason why I think what Musk is doing is crucial and important.

conservatives dont buy Evs liberals do lol

Like you know all conservatives. ROFL

-1 ( +0 / -1 )

but not when it effects his profits, sacking workers when they demand better conditions is pretty far from the 1st amendment

Ok, but they can violate the 1st amendment of conservatives….yeah, that makes logical sense.

-1 ( +0 / -1 )

Elon Musk is very "Putinesk" in his decision making. He truly believes that he is beyond and above the laws that we live by. In both the recent stock acquisitions and the programming of his vehicles to perform a rolling stop when the vehicle deems it is "safe" are examples of his mindset. His monies and position are morally bankrupting individuals along the way just to do his bidding. These events are very ominous for the future of mankind as it sets precedence for the real engineering and integration of detective morality into our everyday interactions with actualized intelligence. Not only should Musk be held accountable but also those corporate entities and the countless minions...

0 ( +0 / -0 )

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