Elon Musk Twitter profile.Image source, Getty Images

Musk lost his bid to get out of the agreement that requires him to keep his mouth shut.

The settlement was made after he said he had funding in place to take the company private.

Just days before the ruling, the world's richest person struck a deal to buy Twitter for $44 billion.

Mr Musk says that he wants to make it a bastion of free speech.

The SEC accused Mr Musk of misleading investors with a statement about the company.

Mr Musk's lawyers argued that the SEC interfered with his right to free speech by pursuing him.

US District Judge Lewis Liman rejected the arguments of both Mr Musk and the SEC, as well as the request to stop the investigation.

Musk can no longer seek to withdraw the agreement he knowingly and willingly entered by just complaining that he felt like he had to agree to it at the time, but now that the spectre of the litigation is a distant memory, his company has become, in his estimation.

The agreement required Mr Musk to step down as the chairman of the electric car maker and pay $20m in civil fines.

It required Mr Musk to get approval from the lawyers of the company for his public statements.

The SEC is looking into a question Mr Musk asked his more than 80 million followers on the social networking site.

A majority of people who voted in the poll said that Mr Musk should sell his stake in the company.

The SEC is looking into the matter of whether the lawyers for the company cleared the posts before they were posted.

Mr Liman said it was surprising that the regulators would have questions about how Mr Musk made his decision to sell the shares.

The company did not respond immediately to the request.

For Twitter to deserve public trust, it must be politically neutral, which effectively means upsetting the far right and the far left equally

— Elon Musk (@elonmusk) April 27, 2022
The BBC is not responsible for the content of external sites.View original tweet on Twitter

Mr Musk, who is a self-proclaimed "free speech absolutist", has called for a shakeup of the moderation policies of the social media site.

Since the board of the social media platform agreed to his takeover bid earlier this week, Mr Musk has posted a number of messages about how he wants the platform to change under his ownership.

He said on Wednesday that it must be politically neutral for it to deserve public trust, which means upsetting the far right and the far left equally.

Media caption, Who is Elon Musk? Meet the meme-loving magnate behind SpaceX and Tesla. Published in 2021.
  • Social media
  • Elon Musk
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  • US Securities and Exchange Commisson