Mr. Earon Mask loses in the ``Twitter sitter'' trial where tweets are restricted, court to be reviewed when posting tweets


Alpha Photo

Elon Musk's appeal against the agreement with the U.S. Securities and Exchange Commission (SEC) obliging him to ``review when tweeting about Tesla on Twitter'' has been dismissed by the court.

Elon Musk Loses Appeal of 'Twitter Sitter' Dispute With SEC Over Tesla Posts - Bloomberg

Elon Musk still needs 'Twitter sitter,' judges rule

In 2018, Musk was sued by the SEC for fraud charges after tweeting that he had 'secured funds' to take Tesla's shares private, inflating the company's stock price. Mr. Musk and the SEC have since settled, but this will require Mr. Musk to have Tesla's lawyers and executives review it when posting tweets about Tesla on Twitter.

Tesla's Elon Musk is sued by the Securities and Exchange Commission for fraud - GIGAZINE

Mr. Mask filed an objection to the court, dissatisfied with the agreement requirement called 'Twitter sitter' that can not freely post tweets about Tesla. According to the agreement, Musk's tweets containing Tesla information or materials must be pre-approved by Tesla, with certain senior executives also designated as those approvers.

In a letter published in February, Musk's attorney, Alex Spiro, said that the terms of the agreement with the SEC violated Mr. Musk's free speech and rights and were unconstitutional. .

Responding to Mr. Musk's allegations, a federal appeals court in New York ruled on May 15, 2023, that the SEC had only three investigations into Mr. Musk's tweets since 2018, namely the 'funds that started the problem.' secure,' tweeted falsely about Tesla's annual production volume, and tweeted that he would sell 10% of Tesla's shares. He acknowledged that the SEC's investigation was valid and not malicious, saying, ``It is highly likely that each tweet violates the consent agreement.''

In addition, the judges (PDF file) said in the ruling that 'the SEC used the consent agreement to conduct a malicious harassment investigation into Mr. Musk's constitutionally protected speech.' There is no evidence to support Mr. Mask's claim,' he dismissed Mr. Musk's claim.

by albyantoniazzi

Musk's actions on Twitter have often left the SEC and investors frustrated. Mr. Musk won a ruling that ``Mr. In addition, he is trying to avoid criticism in a lawsuit related to tweets that caused the price of the virtual currency Dogecoin to fluctuate, saying, 'I can't prove fraud.'

Regarding this ruling, Mr. Spiro, Mr. Musk's lawyer, said, ``We will seek further review and continue to draw attention to the important issue of government restrictions on speech,'' suggesting an appeal. Did.

in Web Service, Posted by log1l_ks