this post was submitted on 03 Dec 2023
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[–] Windex007@lemmy.world 27 points 10 months ago (1 children)

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.

[–] Zuberi@lemmy.dbzer0.com 2 points 10 months ago (2 children)

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.

[–] Windex007@lemmy.world 1 points 10 months ago

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)

[–] Kecessa@sh.itjust.works -1 points 10 months ago* (last edited 10 months ago) (1 children)

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.

[–] Zuberi@lemmy.dbzer0.com 0 points 10 months ago (1 children)

Hence why he's doing the strategy I described above.. Why comment an insult when you deliberately misunderstood my point lol?

[–] Kecessa@sh.itjust.works 0 points 10 months ago

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!