Perhaps, my guess is he will be pumping and dumping the stock. He mentions that he is thinking of taking twitter private and the stock goes thru the roof. He sells. He posts that Twitter is a dinosaur platform and it tanks and he buys. I am not sure how this is illegal, but it feels like stock manipulation and it should be.
How it’s illegal? It is securities fraud. It violates 10b-5 of the 1934 Act (misstatements and omissions related to the buying and selling of securities) and 17(a) of the 1933 Act (selling or offering securities as part of a scheme to defraud).
It's been interesting to watch Elon Musk go from a liberal hero for starting an electric car company that would help save the planet from global warming, to pariah of the left for actually making money doing it and wanting Twitter to become a bastion of free speech.
I think a lot of people, regardless of political affiliation, turned on Musk when he attacked and called someone a pedophile when they mocked his submarine.
You maybe, but seeing as how I never heard of it and I would imagine many others haven't either, I doubt that's what did it.
Was he ever really viewed as a liberal hero? I feel like he's always been a dynamic and polarizing figure. He's done things for many years that alternately excite and anger different segments of the political spectrum.
And today he makes an offer to take twitter private. Was it icahn who held companies hostage? Threatening to buy them and strip them unless they paid him off. I am sure my words are wrong but this is what he and others did. I am still guessing he does it here.
Liberal hero is a stretch. I think we can all appreciate a brilliant innovator even if he’s somewhat of an insufferable jackass. That’s how I’ve always felt about the guy anyway.
I'll have to check out the put prices for Twitter right now. I have little doubt Musk's offer will be rejected. Twitter and it's CEO are just too in love with the idea of determining what people are allowed to say. They and other liberals see Twitter becoming a platform for free speech as a catastrophe and what's best for shareholders will not carry the most weight in the Board's decision.
No, he wasn't. He makes expensive luxury cars, treats his employees badly and whines about taxes. These are things conservatives like, not liberals.
Not sure why people think pump and dump is legal when it is a well recognized form of securities fraud that the SEC pursues. Kind of weird when you make a statement of fact and people disagree. ¯\_(ツ)_/¯
When I’m worth 250 billion and skated paying taxes for years; it wouldn’t bother me. I would feel like I gained the system, but then again, I have a conscience.
