The court did not agree with the idea of tossing the SEC settlement
Why he doesn’t Tweet: A public company judged on Musk’s decision to reopen a final judgment on his tweeting behavior
Whoever the mystery lawyer may be, the court was unmoved by Musk’s arguments that he should be allowed to tweet unfettered by the consent decree. It was not Musk who wanted to preserve his right totweet, but he chose not to do so. Rule 60 may not be used to reopen a final judgment because he changed his mind after making that choice.
There are limits on what Musk can say as the CEO of a public company. The shareholders of the company filed a lawsuit after he mentioned taking the company private at $420 a share. (The shareholders lost the suit and Musk was found to not be liable for their losses.)
Musk claimed on August 7th that he has the funding to take the company private at $420 a share. Since 2010, the company has been publicly traded.
Musk defended his right to say controversial things on his account, even if it costs him money. He suddenly severed ties after being asked why he keeps up with the social networking site. And he eventually quoted The Princess Bride to explain his cavalier attitude toward what he shares on Twitter.
CNBC’s David Farmer queried why he makes statements that can hurt the companies he runs, when they could lose customers, especially when they are anti-semitic and racist.
A Moment in Spacetime and Time in the Life of a Mandy Montoya: Musk’s Remarks on The Princess Bride
After an extremely long and uncomfortable pause, Musk referenced the scene from the 1987 movie The Princess Bride, in which Mandy Patinkin’s Inigo Montoya character confronts the man who killed his father.
