cross-posted from: https://lemmy.world/post/19346837
this post was submitted on 02 Sep 2024
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I don't believe you.
A Twitter stock was $34 in early 2022 and got bought by musk for $53.70 in late 2022.
You could have made $20 with a $34 investment. There were certainly some good people who invested maybe $340 and made $200.
Ah, you're talking about gamblers who threw a few bucks on the ponies. Sure. Plenty of them were probably fine.
But talk to me about someone who made more than six figures off Twitter stock price arbitrage.
When did I or anyone talked about more than 6 figures? We talked about who got the money and in my comment, I made clear that "a lot of it" went to dickheads. so I thought it was obvious that i wasn't talking about "6 figures".
And also musk was legally required to buy the stocks... It was hardly a gamble. At least not a pony. It would have been a reasonable expectation that people will drive up the price because Elon (that genius) talked himself in a prison sentence if he didn't buy it for that price, like a genius would do.
What on earth makes you think anyone here has any details on people making "six figures"?
That is a paltry sum that the mob give zero shits about.
To some, it seems like an incredible amount of money. To others it is several orders of magnitude too low to even consider.
Don't worry about the people making 6 figures. Worry about the people making 9.