Never miss a story

Get subscribed to our newsletter


×
Tesla CEO Elon Musk. (VOA)

After weeks of negotiation with the US Securities and Exchange Commission (SEC) over his controversial Twitter activities, Tesla CEOElon Musk has agreed to more specific oversight on his tweets about the company.

According to the settlement reached between the two parties, all tweets from Musk about Tesla’s financial health, sales or delivery numbers would have to be pre-approved by a company lawyer.


The two sides filed late Friday to amend the settlement agreement reached last year over the ‘funding secured’ debacle, which originally prompted the SEC to attempt to install oversight over Musk’s tweets, The Verge reported.


The logo for Twitter is displayed above a trading post on the floor of the New York Stock Exchange. vOA

Earlier in February, the SEC asked to hold Musk in contempt of court for allegedly violating a previous public disclosure settlement.

Musk and the SEC spent the next few weeks filing scathing responses, with Musk saying the SEC was attempting an “unconstitutional power grab,” and the agency saying the Tesla CEO was in “blatant violation” of the settlement, the report added.

However, as per the new agreement, any written communication from Musk containing Tesla information regarding mergers, accusations, business expansion, credit facilities, future ventures and on several other confidential subjects have to be first discussed with the company lawyer before being disclosed to anybody.

Also Read- Facebook Sues New Zealand Firm For Instagram Fraud

In addition, Friday’s filing ensures that even though Musk would now be subject to oversight on a rash of specific topics related to Tesla, he would not need to have every off-handed tweet about the company approved — an idea that the SEC had been advocating for a long time.

Judge Nathan, who has presided over the case so far, still needs to approve the amendment. (IANS)


Popular

Photo by Flickr.

Swastika, one of the sacred symbols used by many religions like Hinduism, Jainism, and Buddhism.

The symbol of Swastika is known to signify peace, prosperity, and good fortune in the religious cultures of Eurasia. In fact, this symbol is considered very significant in Hinduism, Buddhism, and Jainism. But, at the same time, it has become one of the most misunderstood religious symbols and has been globally banned in many countries.

The reason why the symbol of Swastika is banned in many countries is because of its association with Adolf Hitler's extreme political ideology, Nazism, as Swastika as its official symbol.

Keep Reading Show less
Pixabay

Since emerging into the public eye with a historic gold medal at the junior world championships in 2016, he has maintained a high level of performance

India celebrated a historic day on August 7, as 23-year-old Neeraj Chopra became the first Indian to win an Olympic gold medal in athletics. In the men's javelin throw event, he achieved his greatest triumph, throwing the javelin 87.58 meters on his second try.

Neeraj Chopra was born on December 24, 1997, in Khandra village in Haryana's Panipat district. He grew up in a Haryanavi family of farmers. He is the brother of two sisters. He graduated from Dayanand Anglo-Vedic College in Chandigarh and is now enrolled in Lovely Professional University in Jalandhar, Punjab, pursuing a Bachelor of Arts degree. Chopra was bullied due to his obesity as a kid, which prompted his father to enroll him in a nearby gym. He then joined a gym in Panipat, where Jaiveer Choudhary, a javelin thrower, noticed his potential and coached him. When the 13-year-old Chopra finished training under Jaiveer for a year, he was enrolled at the Tau Devi Lal Sports Complex in Panchkula, where he began training under coach Naseem Ahmed.

Keep Reading Show less
wikimedia commons

Gothic dresses displayed in a store

The emergence of the Industrial Revolution in Victorian England brought with it many apprehensions and fears that translated into a new genre in literature: the gothic. Today, the idea of the gothic does not have to much with literature as much as it is associated with fashion.

The Victorians began to wear black more often during the Industrial Revolution to hide the stains of soot on their clothes. Many of the working class were employed in factories. They were newly introduced to technology, the idea of coal as fuel, and the working of machines to serve a certain purpose. This kind of work was hard and messy. Wearing light colours burdened the tired folk when the stubborn stains did not get washed away.

Keep reading... Show less