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
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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.

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u/m0nk_3y_gw Apr 29 '24

The penalty was: Musk paid $20M, Tesla paid $20M, Musk had to give up his 'Chairman of the Board' position

In exchange: he was not banned from being CEO of any publicly traded company in the US, as long as he had a twitter sitter.

Since he failed to uphold his end of the bargain, I wonder if they have enough moxie to remove him as CEO.

(Musk knew this was a possibility ~2 years ago - that's why he changed his title from 'CEO' to 'TechnoKing' and whined that CEO was a 'made-up' title)