Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Brazil judge opens inquiry into Musk for obstruction involving social media company X

Published 04/07/2024, 08:31 PM
Updated 04/08/2024, 01:10 PM
© Reuters. FILE PHOTO: Elon Musk, CEO of Tesla and SpaceX and owner of X, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo

BRASILIA (Reuters) - Brazilian Supreme Court Justice Alexandre de Moraes on Sunday opened an inquiry into Elon Musk for obstruction of justice involving social media company X, according to a court document.

Musk is challenging a decision by Moraes ordering his social media platform X to block certain accounts.

Musk earlier on Sunday posted that X will lift the restrictions because they were unconstitutional.

In his decision, Moraes said "X shall refrain from disobeying any court order already issued, including performing any profile reactivation that has been blocked by this Supreme Court."

If X fails to comply with the order to block certain accounts the company will be fined 100,000 reais ($19,740) per day, the judge said.

($1 = 5.0659 reais)

Latest comments

and just who the F does this Brazilian bug fart think he is? What jurisdiction does he mistakenly think he has. Is this jerk related to Fani pac . over reaching idiot
If you do business in their country then you comply with their laws. The US expects the same from foreign owned businesses as well. If X doesn't want to comply they have 2 options: litigate their cause or leave the market.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.