The April 26 settlement was a serious matter: Musk could have faced sanctions for contempt of court if he failed to patch up the rift with the SEC over whether he was following the terms of an earlier settlement.
Tesla CEO Elon Musk is in trouble again with the Securities and Exchange Commission, this time over a 13-word tweet.
The SEC filed a motion in federal court on Feb. 25, claiming that a tweet that Musk sent out last week violated the terms of an agreement aimed at settling a securities fraud case brought last September. After the motion came to light, Tesla’s shares lost as much as 5 percent of their $298.77 market-close value in after-hours trading. The price crept back to somewhere around its previous level overnight, however, as traders digested the news.
It’s the latest in a series of ups and downs caused by Musk’s Twitter habit.
There was good-natured snark from SarcasticRover and from Matthew Inman, the Seattle cartoonist behind The Oatmeal (following up on his terrific preview of the landing). And there were heartfelt congratulations from the space community’s celebrities, including SpaceX founder Elon Musk and Bill Nye the Science Guy.
Muilenburg, who also serves as Boeing’s chairman and president, will make his Twitter debut on Jan. 31 with the announcement of the company’s fourth-quarter financial results for 2017 and Boeing’s guidance for business in 2018.
“This new communications approach for our CEO will provide an effective platform for sharing company news and industry insight,” Phil Musser, Boeing senior vice president of communications, said today in a news release. “It also will help us highlight the inspirational, innovative work of our people, and better connect with customers, stakeholders and aerospace enthusiasts — where the conversations are taking place.”
Twitter says it has followed through on its commitment to Congress by identifying and suspending more than 50,000 automated accounts linked to Russian agents – and alerting 677,775 Twitter users in the U.S. who followed those accounts, or retweeted or liked their postings.
Thousands of those accounts have been found just in the past couple of months.
In today’s update, the company says it’ll enlist machine-learning tools to boost its ability to slap down fake accounts, coordinated tweet campaigns and bots.
The measures were taken to address concerns sparked by the 2016 presidential campaign, during which agents from Russia’s infamous Internet Research Agency and other Russia-linked entities mounted a propaganda effort that boosted GOP candidate Donald Trump.
That rivalry crossed over into the Twittersphere in November, when the Amazon founder used his first tweet to tout the landing of Blue Origin’s New Shepard suborbital spacecraft after its first test flight to an outer-space altitude.
One of Bezos’ biggest rivals in the space game is SpaceX’s billionaire founder, Elon Musk, who weighed in with an artful series of tweets that started out praising Blue Origin’s test flight but ended up downplaying it.