Elon Musk Reveals Horrible Things They’ve Done to Twitter

Elon Musk Reveals Horrible Things They’ve Done to Twitter

Twitter is under Massive Attack Everywhere you look there are articles Blogs and lawsuits people are Questioning whether this is the end of Twitter did Elon Musk collapse Twitter For sure Twitter has many enemies and Some people just want Elon Musk to fail But from a practical standpoint Elon Musk revealed horrible things that they Are doing against Twitter first the new Massive Exodus from advertisers Continues with most of the top 100 Advertisers stopping advertising but This is just the tip of the iceberg from Outside the US the European commission Started a massive investigation of Possible eventual rulings that could Completely collapsed Twitter with that From inside the USA the US Securities And Exchange Commission just started a Massive investigation against Elon Musk Musk surprised them with his response But everywhere you look Twitter is under Massive attacks but how bad is the Situation for now well let's explain Everything so eu's move against the Company that used to be called Twitter Is the first one against a major online Platform since the Digital Services act DSA was put into action by Brussels the EU commissioner tiar Bretton stated that The start of the official process Against company X shows that with the DSA big online platforms can't act like

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They are too important to care about Rules now there will be a thorough Investigation into whether company X is Following the DSA rules this includes Checking how well they deal with illegal Content and false information how Transparent they are and how user Interfaces are designed the European Commission started checking into X back In October to gather information they Were looking at how X was spreading Illegal content during terrorist attacks By Hamas against Israel now based on That initial info the commission has Decided to officially investigate X Under the Digital Services act the Investigations also checked how the Platform dealt with false information And illegal content related to the Attack by Hamas and for now no one knows What will be a final decision and ruling As a result of this investigation and There is a big chance that it will be a Giant amount of financial penalty and With that Elon Musk is being looked into By a government agency called the US Securities and Exchange Commission they Are checking if musk did anything Against the law when he spent $44 Billion to take control of the big Social media company Twitter this Investigation focuses on whether musk Broke the rules when he bought Twitter's Stock and renamed it X in 2022 they are

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Also looking at things musk said and Documents he submitted to the SEC about The deal as you know in March 2022 Elon Musk bought a big part of Twitter making Him the main owner with a 9.2% stake However he didn't tell the government About this purchase until the following Month some people who own shares in Twitter were not happy about the delayed Announcement ensued but their case was Later dismissed now SEC is looking into Musk's actions they recently filed a Lawsuit to make musk testify in their Investigation Musk musk had initially Agreed to testify but later changed his Mind the SEC stated that they had asked Musk to provide information in May 2023 And that he had agreed to testify just Last month 2 days before Elon Musk was Supposed to answer questions he raised Some objections and told the SEC that he Wouldn't testify he also didn't agree to The sec's suggestions to do the Questioning in Texas where he lives in October or November musk's objections Included saying the SEC was trying to Bother him and that his lawyers needed Time to check information musk's lawyer Alex speo stated the SEC has already Questioned Mr musk several times in this Investigation it's too much the SEC Explained in a statement that they want Musk's testimony to get information they Don't already have which is important

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For their proper and legal investigation The recent filing on Thursday adds to a Long-standing disagreement between Elon Musk and the secc this conflict started In 2018 when musk tweeted about his plan To make Tesla a private company and Claimed he had the funding secured the SEC fined him $20 million for giving Investors the wrong idea and made him Step down as the chairman of Tesla musk However mentioned in later tweets that The penalty was worth it since then musk Has often criticized the SEC and the Agency has investigated him multiple Times musk expressed the need for a Significant change in these Regulatory Agencies suggesting there should be a Commission to punish individuals who Have misused their regulatory power for Personal and itical gains he shared These thoughts in a post on X after all These issues data from sensor Tower a Company that analyzes Market information Reveals that about half of the top 100 Advertisers in the United States as of October 2022 have completely halted Their spending on X internal documents As reported by The Verge indicate that Musk's company is currently valued at Less than half of what he initially paid For it which is approximately $19 Billion and that's it for today Subscribe to our Channel and hit the Notification Bell

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