Musk says Twitter is nonsense. Why does he use it to break Tesla news? – Los Angeles Times

Musk says Twitter is nonsense. Why does he use it to break Tesla news? – Los Angeles Times

Elon Musk
Twitter is nonsense.
Don’t take it seriously. That, in essence, is what Elon Musk and his team of lawyers argued in the defamation case won by Musk last Friday.Twitter is “infamous for invective and hyperbole, ” his attorneys said in legal briefs. Users “play fast and loose with facts, ” they said. Forums like Twitter “are not a source of facts or data upon which a reasonable person would rely.” Twitter participants “expect to read opinions, not facts.”Which raises the question: If Musk’s Twitter account, with its 29.9 million followers, can’t be taken seriously, why should anything Musk says there about Tesla, SpaceX and his other companies be believed?And for those concerned about the functioning of open and honest financial markets, how can the U.S. Securities and Exchange Commission continue to consider Musk’s account a legitimate channel for investor communications?Advertisement In the defamation case, a jury last Friday declared Musk not liable for a tweet in which he called a British rescue diver a “pedo guy.” The diver’s lawyers said “pedo guy” meant “pedophile.” But one juror said the panel supported Musk because his tweet didn’t specifically name the man, Vernon Unsworth, in his tweet.The case raises more questions about ....



Companies tend to follow the guidance.James Naughton, a professor at the University of Virginia’s Darden School of Business, notes that to keep things clear, many companies use a separate account for marketing and another run by the investor relations department for all material corporate information. Advertisement T-Mobile Chief Executive John Legere, for instance, is a colorful and sometimes profane presence on Twitter. The company included the following near the top of its 2018 10K annual report:“Investors and others should note that we announce material financial and operational information to our investors using our investor relations website, press releases, SEC filings and public conference calls and webcasts. We intend to also use the @TMobileIR Twitter account (https://twitter.com/TMobileIR) and the @JohnLegere Twitter (https://twitter.com/JohnLegere), Facebook and Periscope accounts.”Twitter, the company, does the same. CEO Jack Dorsey is, no surprise, active on the site. .

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