Elon Musk buys a big chunk of Twitter
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I wonder if Musk would have been allowed (or maybe he did?) to bet on the value of Twitter stocks before he bought the actual stocks. He could presumably make (another) fortune that way.
wrote on 5 Apr 2022, 09:15 last edited by jon-nyc 4 May 2022, 09:15@Klaus said in Elon Musk buys a big chunk of Twitter:
I wonder if Musk would have been allowed (or maybe he did?) to bet on the value of Twitter stocks before he bought the actual stocks. He could presumably make (another) fortune that way.
Well in a sense he did that. He acquired a big chunk before it was public that he was buying. So he already had the shares when the price jumped on the news of him buying shares.
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@Klaus said in Elon Musk buys a big chunk of Twitter:
I wonder if Musk would have been allowed (or maybe he did?) to bet on the value of Twitter stocks before he bought the actual stocks. He could presumably make (another) fortune that way.
Well in a sense he did that. He acquired a big chunk before it was public that he was buying. So he already had the shares when the price jumped on the news of him buying shares.
wrote on 5 Apr 2022, 10:17 last edited by@jon-nyc said in Elon Musk buys a big chunk of Twitter:
@Klaus said in Elon Musk buys a big chunk of Twitter:
I wonder if Musk would have been allowed (or maybe he did?) to bet on the value of Twitter stocks before he bought the actual stocks. He could presumably make (another) fortune that way.
Well in a sense he did that. He acquired a big chunk before it was public that he was buying. So he already had the shares when the price jumped on the news of him buying shares.
Yes, but he would need to sell those stocks again to make a profit. He could pull this off only once - next time investors would not fall for this again.
But if he'd buy stock options before buying the actual stock, he could make a nice profit without having to sell the stocks.
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wrote on 5 Apr 2022, 10:49 last edited by
That’s true.
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wrote on 5 Apr 2022, 11:16 last edited by
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wrote on 5 Apr 2022, 11:21 last edited by
I have wondered at what point will we see some twitter employees walk
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wrote on 5 Apr 2022, 11:25 last edited by
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wrote on 5 Apr 2022, 11:43 last edited by
@George-K said in Elon Musk buys a big chunk of Twitter:
Since we can’t elect Elon to be President, can we just name him God-King?
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wrote on 5 Apr 2022, 13:14 last edited by
He took a board seat.
“Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” CEO Parag Agrawal said in a tweet.
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wrote on 5 Apr 2022, 13:57 last edited by jon-nyc 4 May 2022, 13:57
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wrote on 5 Apr 2022, 15:04 last edited by
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wrote on 5 Apr 2022, 15:23 last edited by
@jon-nyc said in Elon Musk buys a big chunk of Twitter:
I have wondered at what point will we see some twitter employees walk
Today, I hope.
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wrote on 5 Apr 2022, 15:24 last edited by
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wrote on 5 Apr 2022, 15:31 last edited by
Employees will resign if and only if they don't believe doing so entails any personal sacrifice.
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wrote on 5 Apr 2022, 16:39 last edited by
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wrote on 5 Apr 2022, 16:56 last edited by
@George-K said in Elon Musk buys a big chunk of Twitter:
Fake
Well ok, but the message wasn't exaggerated, so it didn't sniff of satire. It was slightly surprising since Elon isn't a tribal conservative, but he's not woke enough to pass muster with pop culturalites in silicon valley. And it was only one person, so totally believable. Though the profile pick didn't look like a gay man, that is true enough. Neither does Dave Rubin, one of the rubes who fell for it.
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wrote on 5 Apr 2022, 17:32 last edited by George K 4 May 2022, 17:33
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wrote on 5 Apr 2022, 18:39 last edited by
I still don't believe anything on snopes.
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wrote on 6 Apr 2022, 08:52 last edited by
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wrote on 6 Apr 2022, 11:48 last edited by
See? How does Elon know about that tweet? I'm sure he's tagged a million times a day by users. Does he just sit and watch his phone all day? I DONT GET TWITTER. It's a fad.
