Musk refused to testify in Twitter stock probe — After being sued by SEC, says he wants US regulators to be punished::After being sued by SEC, Musk says he wants US regulators to be punished.

    • kingthrillgore@lemmy.ml
      link
      fedilink
      English
      arrow-up
      14
      arrow-down
      24
      ·
      1 year ago

      This billionaire’s legal troubles are because Elon’s decisions have impacts on all of us.

        • kingthrillgore@lemmy.ml
          link
          fedilink
          English
          arrow-up
          14
          arrow-down
          2
          ·
          1 year ago

          Twitter is still guffawed upon by the media. He owns a rocket company actively launching payloads into space and has interfered with Ukraine defense operations. He’s wasting the court’s time with his money. There is an impact.

            • nehal3m@sh.itjust.works
              link
              fedilink
              English
              arrow-up
              21
              arrow-down
              1
              ·
              1 year ago

              At the time of the incident the program was paid for by the US government and he decided to switch off access at a tactical moment.

              • kautau@lemmy.world
                link
                fedilink
                English
                arrow-up
                22
                arrow-down
                1
                ·
                1 year ago

                It’s wild to find someone simping for musk and then also linking to 4chan like 4 comments down in their profile. It’s not unexpected, but it’s also not heartwarming

                • vector_zero@lemmy.world
                  link
                  fedilink
                  English
                  arrow-up
                  1
                  arrow-down
                  7
                  ·
                  1 year ago

                  It’s always fun to see how people respond when they discover that some users on this site don’t automatically conform to the community-mandated opinions.

                  Oh man, this guy doesn’t want to crucify Elon like the rest of us. Let’s dig through his profile like a teenage girl trying to learn about her high school crush.

                  I’m flattered, really.

              • vector_zero@lemmy.world
                link
                fedilink
                English
                arrow-up
                1
                arrow-down
                32
                ·
                1 year ago

                Well I’m not particularly fond of us giving away free shit on the taxpayer’s dime either.

      • hansl@lemmy.world
        link
        fedilink
        English
        arrow-up
        8
        ·
        1 year ago

        So let’s put Trump’s legal problems in the tech community as well, because it impacts on all of us and he owns some companies that do tech.

        Elon isn’t technology. You can make a case that some of his companies are, but just because they can be argued as tech companies doesn’t make this tech news.

  • TwoGems@lemmy.world
    link
    fedilink
    English
    arrow-up
    82
    arrow-down
    2
    ·
    1 year ago

    Any normal person would at some point be arrested. Stop coddling billionaire babies like Elon and get it done already.

  • sanosuke001@lemmynsfw.com
    link
    fedilink
    English
    arrow-up
    77
    arrow-down
    3
    ·
    1 year ago

    Seems simple enough. He refuses, find him guilty, take control of any assets in the United States, and deport him. I don’t see the issue.

    • fosforus@sopuli.xyz
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      21
      ·
      1 year ago

      Saying everyone you don’t like is a Nazi is straight from the FSB playbook.

      • Grant_M@lemmy.ca
        link
        fedilink
        English
        arrow-up
        4
        arrow-down
        1
        ·
        1 year ago

        When moscow does it, it’s projection. Remember, that muskovite is a moscow sympathizer/chaos operative.

      • Buffalox@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        edit-2
        1 year ago

        There has been at least a dozen times, where Musk obviously quacked like a Nazi. This is not one of the most obvious ones, but overturning the establishment is in line with that kind of thinking.

  • ainokea@lemmy.world
    link
    fedilink
    English
    arrow-up
    17
    ·
    1 year ago

    I mean, this strategy of attacking people who try to hold him accountable has more or less worked for Trump so far (I’ll believe the justice system works when I see him behind bars) so why not. Musk is just another Trump really.

  • AutoTL;DR@lemmings.worldB
    link
    fedilink
    English
    arrow-up
    14
    ·
    1 year ago

    This is the best summary I could come up with:


    The US Securities and Exchange Commission sued Elon Musk yesterday, alleging that he refuses to appear for testimony in an investigation into whether he violated federal law with his purchases of Twitter stock.

    The SEC began its investigation in April 2022 after Musk acquired a 9 percent stake in Twitter and failed to disclose it within 10 days as required under US law.

    A separate, ongoing class-action lawsuit alleges that Musk’s late disclosure caused investors to sell Twitter stock at artificially low prices.

    Musk’s stock purchases occurred shortly before he struck a deal to buy Twitter outright.

    "A comprehensive overhaul of these agencies is sorely needed, along with a commission to take punitive action against those individuals who have abused their regulatory power for personal and political gain.

    Musk’s refusal to testify “is hindering and delaying the SEC staff’s investigation to determine whether violations of the federal securities laws have occurred,” the agency said.


    The original article contains 650 words, the summary contains 153 words. Saved 76%. I’m a bot and I’m open source!

    • Otter@lemmy.ca
      link
      fedilink
      English
      arrow-up
      12
      arrow-down
      1
      ·
      edit-2
      1 year ago

      along with a commission to take punitive action against those individuals who have abused their regulatory power for personal and political gain

      I assume he followed up with evidence that was happening right, and didn’t just say that and move on to the next outrageous comment, right?

      /s

  • Possibly linux@lemmy.zip
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    6
    ·
    1 year ago

    I like how they are saying that’s its a bad thing he didn’t want to testify. If I were in his shoes I would do the same thing. I can’t imagine it would be unbiased.

    I can’t say I understand what his motivations are but it feels like there is a ton of Musk hate on lemmy. Someone should start a circlejerk

    • TheLadyAugust@lemmy.world
      link
      fedilink
      English
      arrow-up
      7
      ·
      1 year ago

      There’s a lot of Musk hate all over the Internet and irl, not just this site. For good reasons too, but I don’t think the issue is that he didn’t testify, it’s because he wants regulators to be punished for enforcing regulations. That kind of attitude screams “I am above the law, punish these people so no one tries to hold me accountable again.” to me.