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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump will be back on Twitter shortly, thanks to Elon Musk
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Elon Musk thumbs his nose at the SEC again with Twitter stake
PUBLISHED MON, APR 4 20222:32 PM EDTUPDATED MON, APR 4 20226:20 PM EDT
Alex Sherman
@SHERMAN4949
Lora Kolodny
@LORAKOLODN
The Securities Exchange Commission has another reason to come after Elon Musk. The worlds richest man disclosed Monday that hes acquired a 9.2% stake in Twitter, sending the social media company shares up more than 28% in afternoon trading.
The SEC mandates that anyone who acquires more than 5% of a companys common shares disclose their holdings within 10 calendar days. Musk signed his filing 21 days after March 14.
On March 25, the day after the 10-day period lapsed, Musk posted a poll on Twitter, with the following preamble: Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?
Link to tweet
?s=20&t=Gl1Z_137iwUeTiwm4Epl7g
Musks intentions with his large stake are unclear. In late January, conservative pundit Dinesh DSouza, who was convicted of campaign finance fraud in 2014, tagged Musk in a tweet telling him that he can dramatically change the political and cultural landscape by buying and taking over a major social media platform.
https://www.cnbc.com/2022/04/04/elon-musk-thumbs-his-nose-at-the-sec-again-with-twitter-stake.html
leftstreet
(36,102 posts)Suspended for his actions, yes
Then reinstated and given another chance, just like you have to do with immature people
tman
(983 posts)JoanofArgh
(14,971 posts)leftstreet
(36,102 posts)It must be killing him that he can't access that tweet button
hlthe2b
(102,188 posts)Did a Trumpster slip something in your morning coffee?
bluestarone
(16,894 posts)WTF? Don't need this shit here on this site!
eissa
(4,238 posts)trump is incapable of learning. Nothing in his past indicates that he recognizes any of his faults, or makes any attempt to correct himself. If anything, he doubles-down.
A permanent ban is justified when someone incites violence and is transparently trying to undermine our democracy.
But thanks for trying..
Biophilic
(3,641 posts)Have you, or anyone else for that matter, ever seen Trump change his behavior to please anyone else...with the possible exception of Putin?
leftstreet
(36,102 posts)I didn't know about the suspensions
Narcissists will generally correct their behavior to stay in the limelight
But his particular level of narcissism must have made him think he'd be an exception
AnyFunctioningAdult
(192 posts)Trump however has never needed to because the way he behaves has worked for him. He became POTUS in large part because he gave a middle finger to the way the establishment "required" things to be done.
leftstreet
(36,102 posts)And his POTUS mask probably made him feel completely invincible
If the AG investigations don't lead to any charges against him, he'll believe Twitter victimized him.
Biophilic
(3,641 posts)where you are coming from. But would it be right to assume that for the last 6 years you haven't been able to pay any time or attention to current events and politics within the United States. I honestly am not trying to be snarky, but I just can't understand how someone on DU with 34,000 prior posts could think that trump would change his behavior. Here's where I'm coming from; I really, really like people and spend a lot of my time enjoying them (and myself) especially when we do things that don't make sense. This one didn't make sense to me.
mzmolly
(50,984 posts)to change his behavior IMO.
intheflow
(28,451 posts)But, yeah, sure, let's give the guy who keeps trying his best to destroy democracy a free platform to spew more hatred, division, and lies. Meanwhile, Twitter just did what any private company can do, based entirely on the GQP wet dream of free markets that discriminate freely. They used their power to kick people out who don't follow their behavior guidelines.
Seriously:
hlthe2b
(102,188 posts)He incites hate. None of this is protected speech and certainly not among private businesses.
leftstreet
(36,102 posts)I didn't follow him, so I only remember the big issue of him getting banned
Well, then I guess the suspensions didn't work. He must have thought he'd be the exception
denbot
(9,899 posts)But you certainly front..
leftstreet
(36,102 posts)so discussing the rules pertaining to banning/suspension of users from another social media site is "fronting" for Trump?
jfc
intheflow
(28,451 posts)but maybe you could also do a little research before posting opinions that appear to justify and/or excuse Trump's behavior.
leftstreet
(36,102 posts)but you're right I didn't "research" the particulars of Trump's pre-banning suspensions.
Blues Heron
(5,931 posts)good one
we can do it
(12,178 posts)Goonch
(3,603 posts)Meadowoak
(5,543 posts)brooklynite
(94,452 posts)JoanofArgh
(14,971 posts)because it's the town square. (bullshit. It's a private corporation) and the fact that D'Souza encouraged him to purchase a social media company in January and in March Musk became the largest shareholder of Twitter. I don't trust him. We'll see.
RussBLib
(9,005 posts)Being a 10% shareholder, and having a seat on the Board, does not guarantee that Musk can or would insist Trump be given his account back. Everything has limits, including speech, regardless of whether or not Musk is a "free speech absolutist." Frankly, that position is indefensible, whether you are rich or not. Twitter is already a cesspool. Broadening "free speech" is not going to improve that situation.
tinrobot
(10,890 posts)Musk has pushed the boundaries of Twitter as well. This gives him a lot more freedom.
hlthe2b
(102,188 posts)on my perceptions of the two in the past several months (two commissioned on yougov.com) and one from a Dem PAC (I think)
ananda
(28,854 posts)I hate oligarchs.
Eyeball_Kid
(7,430 posts)When anyone gives him an inch, Trump interprets it as a mile. He'll do it over and over. There is never any "rehabilitation" with Trump. The fucker is evil. Who doesn't get that?
If Musk does anything to revive Trump as a major provocateur, Musk will lose money. It will be a stain on his brand. Let's remember that other car manufacturers are competing with Musk. They will take the hint and build better e-cars for the competition. Musk doesn't need the bad PR.
Blue Owl
(50,325 posts)MineralMan
(146,281 posts)It might, I suppose, but it might not, too. I guess we'll find out.
He does not have a controlling share of Twitter. So, he's not the boss over there.
dalton99a
(81,426 posts)Fullduplexxx
(7,851 posts)Doing the traitor a little favor