Elon Musk's tweets violated court orders - page 2.

Lorence.xD

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Quote from: Oasisman on June 03, 2021, 07:45:19 AM

Serves him right. That's clearly a market manipulation in a broad daylight. Glad the SEC do something about it.
If only the people stops following what Elon says in his Twitter account, he might have shut his mouth up long ago after the first try.
Now that everything in the crypto market is falling, Elon isn't the only one to blame, but also the people who has been following him and dumped right after the Bitcoin energy consumption issue that Elon tweeted.

That's pretty unfair don't you think that whenever our interests are good, we want SEC out of our hair but then when it's a big fish trying to do the same thing that we do which is doing what's best for their interest, we want SEC to help us?

stompix

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Quote from: NeuroticFish on June 03, 2021, 04:08:53 AM

Every action has a reaction. Was this Bitcoin story a last straw for somebody,

But, there is nothing new when it comes to the SEC's decisions, so there is no actual last straw.

Besides, if people think Musk will be penalized for his tweets about Doge and Bitcoin that will happen after we colonize Mars, Musk was supposed to stop any tweet about Tesla's business practice or plans without consulting with the companies lawyers, his actions about anything else coins, gold, the war in Syria and not going to be analyzed by the SEC. People hype and trash gold all day, nobody is going to be punished for doing that or for posting doge moon pics.

And I'm willing to bet it won't take long for Musk to make fun of those two new charges and mock the SEC once again, he doesn't care about them, he knows that if he doesn't cross the line in a radical way and involve himself in clear market manipulation and profiting from that he will just pay a few fines and that's all.

Nobody will be able to shut him up, the only way is to make people stop listening to him, but if they DO want to listen to him, then how are you going to stop that without taking a dump on a lot of things like freedom of choice?

Oasisman

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Serves him right. That's clearly a market manipulation in a broad daylight. Glad the SEC do something about it.
If only the people stops following what Elon says in his Twitter account, he might have shut his mouth up long ago after the first try.
Now that everything in the crypto market is falling, Elon isn't the only one to blame, but also the people who has been following him and dumped right after the Bitcoin energy consumption issue that Elon tweeted.

virtualdn

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Quote from: davis196 on June 03, 2021, 07:14:27 AM

I was expecting a reaction from SEC,in response of the irresponsible social media behavior of Elon Musk.
The Security and Exchange Commission reacted too late(again).
Elon Musk owns less than 25% of Tesla.The company has other shareholders and Musk should be held responsible for dumping the Tesla stock prices due to his market manipulations.
Dogecoin is a joke and Musk should be punished for promoting an obvious shitcoin.

Dogecoin was a very funny coin. I've liked it a lot and even promoted it for years. But Elon Musk turned it into a piece of sh!t. It's not funny anymore, it's only a billionaire's toy and I refuse playing with a clown! I've sold my last Dogecoins to BTC last month and I don't want to hear about this bad joke anymore. Musk is a greedy egocentric clown.

Expecto

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So many people were expecting SEC to do something about Elon Musk's tweets. And finally, SEC has decided to take action on this subject. It looks like Elon Musk could be in trouble. I hope that this action could help this market to be manipulated much less than before.

davis196

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I was expecting a reaction from SEC,in response of the irresponsible social media behavior of Elon Musk.
The Security and Exchange Commission reacted too late(again).
Elon Musk owns less than 25% of Tesla.The company has other shareholders and Musk should be held responsible for dumping the Tesla stock prices due to his market manipulations.
Dogecoin is a joke and Musk should be punished for promoting an obvious shitcoin.

cryptoknightt

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Hes so crazy. Maybe from the start his tweet about crypto was based on high confidence, yes, he was sure he could control the crypto world with a big name. Hes panicked all crypto users and took a chance there, he thought this would forever go as he planned?
People will learn from all this and no longer be trapped by it.

Lucius

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Quote from: NeuroticFish on June 03, 2021, 04:08:53 AM

Every action has a reaction. Was this Bitcoin story a last straw for somebody, I don't know, but the SEC warning is from last year, so why now this news:

There is not a word in these articles about what EM has been doing in the past few months regarding crypto, and journalists have obviously recycled some old news and published it this way because they know how much interest there is in EM and everything related to it.

Quote from: NeuroticFish on June 03, 2021, 04:08:53 AM

I guess that sooner or later somebody will have to pay for his big mouth. Again.

Even if the SEC fines EM again, we all know it will be a fine again - and the total $40 million he paid a few years ago is a figure he just laughs at - let’s be honest, people who have hundreds of billions can pay such fines every month for life. I'm sure EM knows this very well and that's why he behaves so arrogantly and irresponsibly - money can buy everything, especially responsibility from one's own actions.

NeuroticFish

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Quote from: mk4 on June 03, 2021, 06:36:07 AM

Though it's mostly the people's fault on why his Tweets heavily affects the market in the first place, his Tweets definitely do add a significant amount of unnecessary volatility to the markets in general.

Very true. Sadly.

Quote from: mk4 on June 03, 2021, 06:36:07 AM

But seriously, we wouldn't need the SEC to go after him if only people in general stopped impulsively making trading decisions off his Tweets.

That's correct. Unfortunately the world is.. how it is, not how we wish it to be...

mk4

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Quote from: NeuroticFish on June 03, 2021, 04:08:53 AM

I guess that sooner or later somebody will have to pay for his big mouth. Again.

I wish. Though it's mostly the people's fault on why his Tweets heavily affects the market in the first place, his Tweets definitely do add a significant amount of unnecessary volatility to the markets in general. But seriously, we wouldn't need the SEC to go after him if only people in general stopped impulsively making trading decisions off his Tweets.

hd49728

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Quote from: ?? on ??

Alas, this is the psychology. When someone helps a person, he takes it for granted, when failures happen, then most often need to find someone to whom can shift the responsibility for failures, because admit your own mistakes and look for the cause of your failures, in the first place, in itself, few can.

Consequently from the psychological reaction, I try to not become a tutor or advisor for my relatives about cryptocurrency or other financial games. I am not selfish but they will blame on me with their loses. They are lazy and rely on my words and they will misunderstand my words as well. Their dependence will only end with loses in long run and I will only be accused by them.

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But Musk is as much to blame as the crowd that followed him. He is guilty of using his status and position to derive his own benefit by manipulating the market. The crowd is to blame for trusting his judgments and not thinking with their own head. For this they paid with their own money.

Musk is not innocent but the crowd can not blame all things on Musk. Smart people will use the tweets from Elon to get money and run quickly. Victims are people who over believe in Elon and keep their positions open for long. Musk will flip his tweets and the followers will be stucked if they are slowly in reactions.

Obito

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Quote from: jesselui on June 03, 2021, 04:34:25 AM

Elon is taking people's money with his tweets. I think this should be considered a crime. As manipulation should be a crime. I hope someone gives Elon the punishment he deserves.

Well, you are a stupid person if you are basing all of your investment in a Tweet as if that's the new way to source out news and important events. He didn't took away any money, the people decided to invest, it wasn't his fault that they have fallen for it. Go ahead punish him for market manipulation, didn't decentralized don't like authorities imposing infractions? But the moment that stupid people falling for market manipulation in a decentralized market, suddenly it's alright for authorities to get in?

cryptomaniac_xxx

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Initially though the tweet of Elon Musk is considered trolling, but when he touches serious subject like the effect of bitcoin's consumption or the energy it needed and then the impact of it in the market, I think someone needs to step up and tell Musk to shut the f**k up.

Or maybe twitter itself should ban Musk already, like what they did to Trump so that their platform won't be used by Elon to his advantage.

hd49728

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Quote from: ?? on ??

If Musk gets punished for his tweets, that would be fair. Because it was obvious market manipulation.

He intentionally manipulates the market because he has powerful capital, reputation and big followers. He wisely knows the crowd are stupid and watch over his tweets.

The crowd, on the other hands, can not blame on Elon for their stupid reactions. They can blame when they react to a tweet from Elon with a smiling dog animation. Be stupid, be greed and buy at tops. Stuck there and blame on Elon. They should not wipe out their own responsibility like that.

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Only when Musk moved the market up, there were no complaints about him. As soon as the market crashed and devalued bitcoin by almost 50%, apparently someone felt that Musk should now be responsible for his tweets, as this led to someone highly influential in the loss of his funds.

Yes. When Elon manipulates the market up, people are happy but they don't tell any Thank you to Elon. When the market is down, they blame on Elon.

I don't like Elon morally but I don't support the crowd.

Kakmakr

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Hey, he has been under the spotlight for market manipulation before and now he is back to his old tricks. This time he is using clever tricks to hide his agenda. (Saying things like... "I am looking for a Shiba Pup.." ).... to trigger people into buying Shiba coins. The SEC will have a hard time penalizing him, because the tweet has a double meaning and he will just deny that it had anything to do with Shiba INU. Roll Eyes

In any way, when you have loads of money... you are in a position to hire a army of lawyers to represent you, if they want to take this to court. Sad

Market manipulation is not that easy to prove and Social media tweets are open for interpretation. Roll Eyes

jesselui

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Elon is taking people's money with his tweets. I think this should be considered a crime. As manipulation should be a crime. I hope someone gives Elon the punishment he deserves.

KaliLinux

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I don't understand why he hasn't been punished already. If he knows this and he violated what was not suppose to be done, I believe he should be punished immediately for his tweet that violated the law. I hope this will be implemented because this guy did cause a lot of pain to people's investment and I too believe his arrogancy will get him in huge problem soonest.

virtualdn

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The clown won't be able to do what he wants forever. Sooner or later it will be payback time. Imagine how many people lost money due to his foolish tweets. A clown remains a clown, even if rich. A lot of you guys are smarter than him, only if you could realize it.

NeuroticFish

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Every action has a reaction. Was this Bitcoin story a last straw for somebody, I don't know, but the SEC warning is from last year, so why now this news:

Business Insider: The SEC told Tesla twice that Elon Musk's tweets violated court orders requiring preapproval from company lawyers
WSJ: Tesla Failed to Oversee Elon Musk’s Tweets, SEC Argued in Letters

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The Securities and Exchange Commission told Tesla last year that CEO Elon Musk twice violated a court order requiring the company to preapprove his tweets

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"In the face of Mr. Musk's repeated refusals to submit his covered written communications on Twitter to Tesla for pre-approval, we are very concerned by Tesla's repeated determinations that there have been no policy violations because of purported carve-outs," the SEC wrote in response

I guess that sooner or later somebody will have to pay for his big mouth. Again.

Topic: Elon Musk's tweets violated court orders - page 2. (Read 416 times)