The Musk-focused debate is the latest example of how the billionaire has challenged the authority of the SEC in recent years. | Patrick Pleul/Pool Photo via AP, File.
“Any delay whatsoever creates a huge opportunity for abuse and insider trading,” said Healthy Markets Association executive director Ty Gellasch, a former SEC official. Musk’s actions highlight why the rule matters, said Jill Fisch, a business law professor at the University of Pennsylvania law school. Twitter shareholders have already filed a class-action lawsuit against Musk, alleging that he ripped them off to the tune of $143 million.
Former SEC Chair Harvey Pitt, who led the agency under former President George W. Bush, said the deadline should be “as close to ‘real time’ as possible.”
Extremely rich, but devious and very odd. Just seeing a picture of him makes me shudder.
verbally manipulating markets, for profit?
Yawn
Twitter investors got a nice bump from his efforts, not fair!
Lmfao they didn't do shit when Citadel and Robinhood colluded to fuck retail out of billions. But if you dare challenge the hold of the Ministry of Truth - they bust out the big guns on 'your' behalf. Corporate press is the enemy of the American people
This article makes no sense; basically saying 'Musk ignoring the rules is putting pressure on the SEC to change the rules that he ignored'. What is required is enforcement of the rules.
I wouldn't trust that smile. He looks manic about the eye
Is it possible that Elon Musk is a genius but also a narcissist who believes he doesn't have to follow any rules?
25% of Elon's followers are bots , they help boost his good and moronic tweets but now they are a bad thing . Man I wish I was born rich and spoiled instead of so damned handsome .
the takeover that never happened?
“free market”
elonmusk with all money in the world is quickly becoming the Gary’s O villain from the fifth element
Politico desparate for Elon Musk clicks with writing his name click bait. And you know the man exposed Twitter bot charade, right? Forcing down the value to what it’s really worth. Come on Politico this is meme journo. Do better yo.
. Billionaires know rules are for little people....like taxes. .
What about counting bots as users?