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Tesla CEO Elon Musk Reaches Settlement with US SEC Over Twitter Use

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

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Tesla CEO Elon musk, board
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.

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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.

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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)

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Delhites Flood Twitter with Funny Memes, Jokes on #oddeven Scheme

Kejriwal said the Odd-Even scheme was aimed at combating high-levels of air pollution in winters due to crop burning in neighbouring states

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twitter, white swan, suicide, awareness
Twitter is a social media app that encourages short tweets and brief conversations. Pixabay

Soon after Delhi Chief Minister Arvind Kejriwal on Friday announced that the Odd-Even scheme will be back between November 4 and 15, several memes, jokes and videos with #oddeven hashtag have gone viral on social media such as Twitter.

Twitterati shared funny reactions and jokes on the scheme’s comeback.

Here are some of the funniest posts:

A Twitter user named @sagarcasm tweeted: “I don’t think Arvind Kejriwal and Piyush Goyal get along very well. Kejriwal loves doing Odd-Even and Goyal hates maths. #OddEven.”

“I’m not following this ridiculous #OddEven. Fine me, arrest me. There, I said it. @ArvindKejriwal, you ignorant, lazy, freak – vehicular emissions barely scratch the surface of the ocean causing air pollution,” a woman with username @MeherunissaA tweeted.

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FILE – A man reads tweets on his phone in front of a displayed Twitter logo. VOA

Another person shared a picture of Bollywood actor Jimmy Sheirgill with his popular movie dialogue ‘Humko Ghanta Faraq Nahi Padta’ and also wrote with caption: “Chief Minister Arvind Kejriwal announced that the #OddEven scheme for vehicles will be implemented in Delhi from 4 to 15 November. People who go on metros – #OddEven.”

“#oddeven #SayItLikeNirmalaTai #BoycottMillenials #BoycottMillennials, everyone freaking out with traffic fines and odd even. *Le me*, a millennial destroying economy taking odd/even numbered Uber/Ola,” another user tweeted.

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“Delhites, get ready to welcome #oddeven #evenodd once again..this time from 4-15 Nov. @ArvindKejriwal, instead of finding a solution to crop burning and stopping it, its so easy to make us suffer, right? We don’t mind any PLANS to curb stub burning?” another tweet read.

Kejriwal said the Odd-Even scheme was aimed at combating high-levels of air pollution in winters due to crop burning in neighbouring states. (IANS)