Connect with us

Hi, what are you looking for?

ContributionAmericans.comContributionAmericans.com

Tech News

Elon Musk is stuck with his ‘Twitter sitter’ after court rejects bid to toss SEC settlement

Elon Musk on a blue background
Illustration by Laura Normand / The Verge

Elon Musk’s so-called Twitter sitter is here to stay.

A federal appeals court rejected Musk’s bid to toss or modify his 2018 fraud settlement with the US Securities and Exchange Commission, leaving in place a consent decree that requires his tweets to be approved by a lawyer before he can post them.

Given the frequency and volume of Musk’s tweets — and the fact that he now owns Twitter — it’s unclear whether Musk is abiding by the order to have the Twitter sitter review his tweets. But his argument that the SEC was exploiting the consent decree “to conduct bad-faith, harassing investigations of his protected speech” was found to be meritless by the court, according to a ruling released today.

The court notes that, to the contrary, the…

Continue reading…

You May Also Like

Editor's Pick

(This is the second installment of a three-part essay. The first part is here.) Big Engines that Couldn’t Although Hoover’s Reconstruction Finance Corporation (RFC)...

Editor's Pick

(In writing this series, I allowed myself to skip over some topics. But now that I’m turning the series into a book, to be...

Editor's Pick

(This is the last installment of a three-part essay. The other parts are here and here.) A Capital Bank As its title suggests, the...

Editor's Pick

Jack Solowey The United States has long led global finance. Its institutions shaped critical financial infrastructure and saw the dollar become the world’s reserve...