this post was submitted on 03 Dec 2023
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Elon made deals w/ hedge funds to funnel him money as they shorted the stock (not to mention 100x leverage derivatives against TSLA). Because Twitter is collateralized against his wonder-child.
Since canceling his PR team, Elon's entire MO has been to run it into the ground in a manner that seems plausible to the SEC so he doesn't get out-right sued.
He just isn't this stupid, whether you want him to be or not.
"Fuck you" to his advertisers seems like a fairly on-brand way to telegraph his true intentions. I really look forward to a point where we can forget about his relevance when all 3 companies bite the dust.
Since twitter is no longer publicly traded, he doesn't have to make anything "seem plausible" to the SEC... So the premise of your theory needs some work.
Not true. He can't buy it and shut it down the next day or he would 100% get sued for manipulation of the markets.
I can shutter my private company whenever I want for whatever reason I want. If the private investors have an issue w/ that, they can sue me.
This has nothing to do with the SEC.
Market manipulation? There are no shares on the market to manipulate. This is WHY companies choose to go private... So that they are no longer beholden to the public shareholders and the regulatory bodies that exist to protect them (the SEC)
That would be illegal and too obvious.
Not surprised you're a DRS GME participant and I say that as a GME shareholder... In this case the guy is just an idiot.
Hence why he's doing the strategy I described above.. Why comment an insult when you deliberately misunderstood my point lol?
That's weird, I was sure I was replying to your other reply to me 🤔 Bug in the matrix or an error on my part? We'll never know!
So yeah, transpose my reply to that other comment you made about derivatives in reply to me!
He could absolutely be this stupid. Drugs do crazy things to the brain.
Whether he intends it or not, it's going to die when it turns into a far right outrage echo chamber. The only people willing to advertise will be outright scammers. There's a reason why every right wing alternative platform fails. They also tend to fail to attract normies with moderate conservative beliefs. If they do get them, they leave after the userbase reveals itself to be a bunch of racist incels.
It's been a far right echo chamber for about ten years now, so I don't know that this holds up.
I partly agree. He isn't that stupid and things are not so simple that twitter would just go under.
He is not that smart either. He is a petulant child. Either the money he has, or from before, he is a narcissist and he thinks he knows better than anyone else. He doesn't get dettered by having failures.
How do you short the stock of a private company?
TSLA is not a private company
Eh... They would have lost money as he bought Twitter for more than it was worth and once he bought it the edge funds were forced to close their positions as Twitter wasn't on the market anymore.
Unless you're talking about shorting Tesla in which case sure, but that's Elon's piggy bank, so that wouldn't make much sense.
100x derivatives on the date of TSLA's forced sale will make Elon more money than TSLA will lose.