Elon Musk faces legal action over 1 little tweet (and a big share price jump) 

Few Elon Musk’s words caused lots of problems: when you’re a founder and CEO of huge companies you should be careful with tweets.

There’s no such thing as a low-key tweet when you’re Elon Musk. “Am considering taking Tesla private at $420. Funding secured.” With those nine little words  last week, Elon Musk proved that when you’re the head of one of the world’s biggest companies, your tweets can cause shock waves (and land you in legal strife). Musk’s tweet kicked off a flurry of speculation about the future of Tesla and an investigation by the US Securities and Exchange Commission. Now, Tesla and Elon Musk are facing legal action, with a number of Tesla investors filing legal complaints against the company and its founder, according to Bloomberg.

Source: Elon Musk faces legal action over 1 little tweet (and a big share price jump) – CNET

Related Post

AI can deliver ‘faster better cheaper’... The new era of cybersecurity is coming. Artificial intelligence can completely change the situation even in this field. There are "significant challe...
Phishing scam claims to deliver WannaCry, demands ... Phishing scams found a new way to sow fear and panic among Internet users.A new phishing campaign falsely claims to infect PCs with WannaCry ranso...
Aussie millennials prefer convenience to security,... Unfortunately, it's not just about Australian young generation as it extends to the global level. Security isn't the priority for millennials and this...
FEMA to send its first ‘Presidential Alert’ in eme... If you are in US be ready to receive an alert message from the president this week.The Federal Emergency Management Agency will this week test a...