The Fight For Free Speech Continues

On Wednesday, The Daily Wire reported that the U.S. government has opened an investigation into Elon Musk’s business dealings.

The article reports:

“The Securities and Exchange Commission is probing Mr. Musk’s tardy submission of a public form that investors must file when they buy more than 5% of a company’s shares,” The Wall Street Journal reported. “The disclosure functions as an early sign to shareholders and companies that a significant investor could seek to control or influence a company.”

The report said that Musk’s April 4 disclosure filing was at least 10 days late, a move that is believed to have saved him more than $140 million because share prices could have been higher if the public knew about his ownership of 5% of the company.

“The case is easy. It’s straightforward,” Daniel Taylor, a University of Pennsylvania accounting professor, said. “But whether they’re going to pick that battle with Elon is another question.”

The report noted that a lawsuit against Musk from the SEC would likely not stop him from taking over Twitter since the company’s board of director’s unanimously approved to be acquired by Musk and the SEC may lack the power to do so. Musk’s purchase of Twitter is also reportedly being reviewed by the Federal Trade Commission (FTC).

Elon Musk has also stated that he would reinstate the account of President Trump.

The article notes his comments on the banning of President Trump:

“I think that was a mistake because it alienated a large part of the county, and did not ultimately result in Donald Trump not having a voice,” Musk said, adding that the decision was “morally bad.”

“That doesn’t mean that someone gets to say whatever they want to say,” Musk said. “If they say something that is illegal or destructive to the world, then there should be perhaps a timeout, temporary suspension or that particular tweet should be made invisible or have very little traction.”

“I would reverse the permanent ban,” Musk added.

Musk indicated that action could be taken against an account if there were tweets that violated platform policy, which he said “should be either deleted or made invisible, and a suspension—a temporary suspension—is appropriate, but not a permanent ban.”

Musk said that permanent bans “should be extremely rare and really reserved for accounts that are bots, or scam, spam accounts.”

President Trump has stated that he would not return to Twitter but focus on his own social media site, Truth Social.

Stay tuned.

What An Amazing Coincidence

On Friday, The Washington Free Beacon reported the following:

Federal authorities are investigating three Democratic megadonors who made an enormous bet on shares of Activision Blizzard just days before Microsoft agreed in January to acquire the video game company for $69 billion.

The U.S. Justice Department and the Securities and Exchange Commission are both looking into the suspiciously timed trading activity of Barry Diller, owner of the Daily Beast, his stepson Alex von Fürstenberg, and his friend David Geffen, a longtime Democratic donor who gave $500,000 to the scandal-plagued Lincoln Project in 2020.

…The Journal (The Wall Street Journal) notes that Activision stock options similar to those purchased by Diller, Geffen, and von Fürstenberg were “sparsely traded” in the days before the Microsoft acquisition was announced, but “exploded” in response to the news. The wealthy Democrats’ stock options instantly surged in value by more than 60 percent—an amazing coincidence, indeed.

The men have yet to exercise their options, which don’t expire until 2023. They could realize a profit of about $60 million if they sold today, based on Activision’s current share price of $80. They stand to make more than $100 million if the Microsoft acquisition, expected to close this summer, goes forward at the agreed-upon price of $95 per share.

What better way to ensure generous donations than to help those donors make money in the stock market? Is this an incredible coincidence as those involved claim?