The SEC is suing Elon Musk for securities fraud, alleging he concealed his acquisition of over 5% of Twitter’s stock before its purchase, enabling him to buy shares at artificially low prices and save at least $150 million. Musk’s lawyer dismissed the suit as a “sham” and a result of harassment. The SEC claims Musk was required to disclose his holdings by March 24, 2022, but didn’t do so until April 4th, after purchasing hundreds of millions of dollars of shares. The lawsuit seeks disgorgement of Musk’s profits and civil penalties.
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House Democrat: ‘Unelected oligarch’ Musk ‘governing by tweet’
A House Democrat recently labeled Elon Musk an “unelected oligarch” who is effectively “governing by tweet,” highlighting concerns about Musk’s influence on public discourse and policy. This assertion captures a growing sentiment among many who perceive Musk’s actions as a concerning overreach of power.
The criticism centers around Musk’s ownership and control of X (formerly Twitter), a platform with immense reach and influence on shaping public opinion. The suggestion is that Musk’s use of the platform, through tweets and policy changes, amounts to a form of governance without the accountability of an elected official.… Continue reading
AOC achieving one million followers on Bluesky marks a significant milestone, not just for her personally, but also for the platform itself. It highlights Bluesky’s potential to attract a substantial user base, especially within politically engaged circles. The speed at which she reached this number suggests a considerable level of pre-existing support and anticipation for an alternative to Twitter/X.
The event certainly sparks discussion about the future of social media platforms and the role of political figures in shaping their trajectory. Many see AOC’s rapid follower growth as a direct response to frustrations with Twitter’s current environment under Elon Musk’s leadership.… Continue reading
Stephen King has announced his departure from X, citing the platform’s increasingly toxic atmosphere. This follows a similar decision by The Guardian and other notable figures who have expressed concerns about the spread of misinformation and hate speech on the platform. King’s departure marks the latest blow to X, which has seen a surge in users migrating to rival platforms like Threads, particularly following Elon Musk’s acquisition of the site and subsequent changes to its policies and moderation practices. King’s decision highlights the growing discontent with X’s direction, raising concerns about the future of the platform and its ability to foster meaningful dialogue and engagement.
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Liberals are fleeing X again — this time for Bluesky. It’s a familiar story: another exodus from a social media platform that has become increasingly hostile to certain viewpoints. While some users are simply seeking a less toxic online environment, others are actively abandoning X due to their disgust with Elon Musk’s ownership and the changes he has implemented since taking over.
People are drawn to Bluesky for its simplicity and user-friendly interface, a refreshing change from the chaos and algorithm-driven content on X. The platform is often described as a return to the early days of Twitter, before it became saturated with outrage bait and political extremism.… Continue reading
Since the recent US election, Bluesky, a decentralized social media platform, has seen a surge in user growth, gaining over 1.25 million users in just a week. This influx appears to be driven by users migrating from X (formerly Twitter) who are unhappy with owner Elon Musk’s political leanings and changes to the platform. Many perceive Bluesky as a more welcoming alternative for those with progressive views, offering greater user control and a less hostile environment. While it remains to be seen if Bluesky can sustain its momentum, the shift reflects a growing trend of users seeking platforms that align with their political and social beliefs, leading to a potential fragmentation of online discourse.
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John Q. Hosedrinker 
Matt Underwood