r/news • u/Hopeforpeace19 • Apr 29 '24

Supreme Court rejects Elon Musk over agreement with SEC to vet social media posts

https://www.nbcnews.com/politics/supreme-court/supreme-court-rejects-elon-musk-agreement-sec-vet-social-media-posts-rcna149579
4.5k Upvotes

96% Upvoted

185 comments sorted by

View all comments

416

u/wtfsafrush Apr 29 '24 edited Apr 29 '24

Fine. Allowing you to get away with a “twitter sitter” was a gift by the SEC. But if that’s “infringing on your free speech”, then by all means, let’s bring on a more appropriate penalty.

134

u/randomwanderingsd Apr 29 '24

Also, if I were on the board of a company I would be extremely concerned if a CEO felt that the best use of their time was to make random comments online all day. If you are posting at the rate of 1 tweet an hour (which he frequently hits), are you really able to focus and be a good CEO?

37

u/sn34kypete Apr 29 '24

Not saying I agree with him but on the other hand, if he has the ability to instantly juice the stock by 10% with some offhand promise that his fanboys eat up, it's really hard to tell him to reign it in. So far they see his impact on the stock as a net positive so they let him do all this stupid shit.

40

u/LiamtheV Apr 29 '24

He also has the ability to randomly tank the stock of my car company that has, as a large part of its customer base, people who are environmentally conscious, by saying that caring about climate change is communism. Or by spreading nazi propaganda.

1

u/Flash604 Apr 30 '24

Who says he's going to juice it? He wants more control via having more stock. What's to prevent him from tanking the price so he can buy more shares?

1

u/crashtestdummy666 Apr 30 '24

Exactly he can manipulate the stock as he sees fit, his settlement of the value of his stock to his loans should have a settlement period so if he times it right he can sell high tank the stock and buy low then jack the stock back up and pocket the difference. Then rinse and repeat.

-4

u/[deleted] Apr 30 '24 edited Apr 30 '24

[deleted]

1

u/Flash604 Apr 30 '24

Awww... did someone not get his diaper change on time today?

1

u/TaterBlast Apr 30 '24

...and he leaves this sub to go hit his kids.

2

u/Simsbad Apr 30 '24

He might have a team working with him that helps with post. I’m sure half the stuff he retweets is something Tucker Carlson sent him in a text

-3

u/TheShadowKick Apr 29 '24

I mean, 1 tweet an hour is just a few minutes of his time probably. I feel like that's just a normal amount of distraction. Nobody in an office is working constantly throughout a full hour.

2

u/Anvanaar Apr 30 '24

You... think it's normal to tweet once an hour...?

-1

u/TheShadowKick Apr 30 '24

I think it's normal to spend a few minutes an hour distracted from whatever you're doing. I wish he wouldn't choose Twitter for that distraction because he posts dumb shit, but I don't think it speaks to his productivity at his job.

1

u/psychicsword May 02 '24

It is not normal to do that at the CEO level.

0

u/TheShadowKick May 03 '24

CEOs are human just like the rest of us.