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Elon Musk Prohibited from Criticizing Twitter, Filing Shows
Tesla’s CEO Elon Musk is banned from criticizing Twitter via tweet in a clause of his buyout agreement, an SEC filing shows. The agreement, finalized Monday, states that Musk “shall be permitted to issue Tweets about the Merger or the transactions contemplated hereby so long as such Tweets do not disparage the Company or its […]
Tesla’s CEO Elon Musk is banned from criticizing Twitter via tweet in a clause of his buyout agreement, an SEC filing shows.
The agreement, finalized Monday, states that Musk “shall be permitted to issue Tweets about the Merger or the transactions contemplated hereby so long as such Tweets do not disparage the Company or its Representatives,” per the Daily Caller.
The filing refers to Musk as the “equity investor.”
However, Musk seems to be testing those limits in recent tweets.
According to the filing, Musk and the company are both subject to a $1 billion breakup fee if either party violates provisions laid out in the agreement.
Human Events
Reporting credited to the Human Events newsroom rather than an individual byline.
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