Why does the Tesla founder find it so hard to stop tweeting despite a court order?
Another day, another instalment in Elon Musk’s entertaining – but very silly – fight with the US Securities and Exchange Commission, possibly the world’s most powerful financial regulator. The subject, inevitably, is the Tesla founder’s use of Twitter, or more precisely, the precautions he must take before pressing “Tweet”. Has a chief executive of a major company with groundbreaking technology ever found himself in such a ludicrous scrap?
We know the history, of course. Last year the SEC, guardian of the timely release of financial information among other things, forced Musk to step down as chairman of the electric car company (he continues as chief executive) and pay a $20m (£15m) fine over tweets he made about taking the company private. But a less-noticed clause in the settlement said Musk would have to comply with Tesla’s communications procedures when tweeting about the firm. Even Musk, surely, wouldn’t test the limits of that minor requirement.
Continue reading...from The Guardian https://ift.tt/2UxhHbd
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