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Supreme Court rejects Elon Musk over agreement with SEC to vet social media posts
Lawyers for the billionaire businessman say that the “Twitter sitter” provision in an agreement with the Securities and Exchange commission violated his free speech rights.
WASHINGTON — The Supreme Court on Monday turned away tech billionaire and Tesla CEO Elon Musk's attempt to challenge the terms of an agreement he reached with the Securities and Exchange Commission that required a lawyer to review some of his social media posts. Musk complained that the SEC unlawfully imposed conditions on his ability to comment online about Tesla-related issues what has been dubbed the "Twitter sitter" provision. The SEC cracked down on Musk after he posted tweets in 2018 saying he had secured funding to take Tesla private, which came as a shock to the market and initially sent the company's shares surging.
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