| General > General Technical Chat |
| Elon Musk is a nice chap |
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| Infraviolet:
The regrettable truth is that sending $5.50 to every person in the world would lead to probably $5.40 of each payment being pinched by midlemen, bureaucrats, administrators, governments and others along the way. One wonders though if $44x10^9 might be enough to have set up a whole separate truly censor proof internet, rather than just buying up a social media firm on the present internet. |
| tszaboo:
https://www.bbc.com/news/world-us-canada-64520157 So apparently Musk is not guilty of blatant stock manipulation and fraud. It cost the investors 12B USD. "Just because I tweet something does not mean people believe it or will act accordingly." |
| wraper:
--- Quote from: tszaboo on February 04, 2023, 02:22:42 pm ---https://www.bbc.com/news/world-us-canada-64520157 So apparently Musk is not guilty of blatant stock manipulation and fraud. It cost the investors 12B USD. "Just because I tweet something does not mean people believe it or will act accordingly." --- End quote --- Or so they claim. As of stock manipulation, you need to gain something from that for it to become such. Also testimonies show funding was sort of secured. --- Quote ---"Just because I tweet something does not mean people believe it or will act accordingly." --- End quote --- Actually it's like from a mouth of Captain Obvious. Just because they claim they would be 12B richer if he had not made those tweets, does not mean it's true. And if they actually make financial decisions based just on some tweets which did not even claim it will actually happen, they're idiots (he wrote he's considering taking it private). FWIW jury made an unanimous decicion, so it says something. |
| tszaboo:
--- Quote from: wraper on February 04, 2023, 02:44:23 pm --- --- Quote from: tszaboo on February 04, 2023, 02:22:42 pm ---https://www.bbc.com/news/world-us-canada-64520157 So apparently Musk is not guilty of blatant stock manipulation and fraud. It cost the investors 12B USD. "Just because I tweet something does not mean people believe it or will act accordingly." --- End quote --- Or so they claim. As of stock manipulation, you need to gain something from that for it to become such. Also testimonies show funding was sort of secured. --- Quote ---"Just because I tweet something does not mean people believe it or will act accordingly." --- End quote --- Actually it's like from a mouth of Captain Obvious. Just because they claim they would be 12B richer if he had not made those tweets, does not mean it's true. And if they actually make financial decisions based just on some tweets which did not even claim it will actually happen, they're idiots (he wrote he's considering taking it private). FWIW jury made an unanimous decicion, so it says something. --- End quote --- There is a reason companies issue press releases, and keep info private before that. So everyone is working from the same info. That prevents insider trading and other illegal transactions. Musk pretty much tweeted, that this stock will be worth 420 USD in the future, because a private investor will buy it. Which was a higher price than what the stock was worth then. And the people who jumped on the bandwagon didn't loose some magical future gain, they were part of a pump and dump. Which he did with Tesla (several times), Dogecoin (several times) and Bitcoin. He just straight out lied several times. "OK I'm not going to sell more trust me bro dis time" before dumping billions. |
| wraper:
--- Quote ---Musk pretty much tweeted, that this stock will be worth 420 USD in the future, because a private investor will buy it. Which was a higher price than what the stock was worth then. --- End quote --- If you look on actual historic data, share price boost when he tweeted is not noticeable compared to general volatility of TSLA. And it did not affect long term investments. Only some stupid daytraders may got burned because of this. To pump and dump you need to profit from that. If anything, he only pumped DOGE as a joke for no actual profit. |
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