In addition to Elon Musk announcing SA may back Tesla buyout
>>2582726 >>2582776 (pb #3259)
Another article today
Report: Elon Musk’s Twitter Blocking Could Mean SEC Trouble
According to a report from Fortune, Elon Musk may face SEC trouble for blocking naysayers, critics, and journalists on Twitter.
Tesla CEO Elon Musk recently tweeted that he was “considering taking Tesla private” and that he had gained funding to do so, now it appears that tweeting such market-influencing details may not be entirely legal due to Musk’s history of blocking users. Twitter has been a legitimate channel for investor communication since 2013 when the Securities and Exchange Commission (SEC) stated that the social media platform as a valid disclosure method as long as companies warned investors prior to posting on the platform.
Tesla agreed to these terms, at one point instructing investors in November 2013 to “follow Elon Musk’s and Tesla’s Twitter accounts” for more information. But now, it appears that Musk’s blocking of users that bother him on the platform may undermine the company’s current situation with the SEC. If Twiter is seen as a disclosure method, tweets on the platform are subject to disclosure requirements defined in an SEC rule called Regulation FD. According to the rule, company communication methods must be “reasonably designed to provide broad, non-exclusionary distribution of the information to the public.” Blocking users on Twitter means that they are being excluded from the information distribution.
https://www.breitbart.com/tech/2018/08/10/report-elon-musks-twitter-blocking-could-mean-sec-trouble/