3 ms·

You do realize that 420 is also part of the set of real numbers before being an alias for marijuana? 420 is also somewhere in the range of 15-20% higher than t

You do realize that 420 is also part of the set of real numbers before being an alias for marijuana? 420 is also somewhere in the range of 15-20% higher than the current price, making it a realistic offering price. Also: * https://twitter.com/elonmusk/status/1026885883482365953 https://twitter.com/elonmusk/status/1026885883482365953 * https://twitter.com/elonmusk/status/1026890900885184514 https://twitter.com/elonmusk/status/1026890900885184514 But thanks for your valuable input.

dragontamer 8y ago
Since when is Twitter a public disclosure as per the law then? Normally, announcements for stock buybacks, taking a stock private, etc. etc. need to be filed with the SEC months in advanced and announced to the general community.
- Voloskaya 8y ago
  The legality of announcing it on Twitter has pretty much nothing to do with wether it is a joke or not though.
  - dragontamer 8y ago
    I didn't take Mr. Musk to be a man who violated the law. That's all. Apparently, I'm mistaken. Its a minor violation, but still not in the spirit of how major stock market announcements are supposed to happen.
- adventured 8y ago
  As the CEO of Tesla, his Twitter account can act as a legal announcement platform for the company, just as the Tesla site can. The SEC issued that guidance five years ago. The requirement to comply with Regulation FD is that investors should be able to have some reasonable confidence that the source in question - the twitter account - is a legitimate source for the company. The two Twitter accounts that would clearly apply to would be @tesla and @elonmusk.
  - dragontamer 8y ago
    TSLA stock should have been halted before the news, not after it. (It seems like TSLA is currently under a T1 halt: "News Pending"). https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts If this isn't a joke, then that means Mr. Musk announced the news before the T1 halt. Expect an SEC investigation soon. I'd definitely expect his actions to be illegal, although I'm not a lawyer. Its probably going to be a slap on the wrist / a relatively small fine, but there's a proper dance to releasing information on the stock market to ensure everything is fair.

dragontamer 8y ago

Since when is Twitter a public disclosure as per the law then? Normally, announcements for stock buybacks, taking a stock private, etc. etc. need to be filed with the SEC months in advanced and announced to the general community.

Voloskaya 8y ago
The legality of announcing it on Twitter has pretty much nothing to do with wether it is a joke or not though.
- dragontamer 8y ago
  I didn't take Mr. Musk to be a man who violated the law. That's all. Apparently, I'm mistaken. Its a minor violation, but still not in the spirit of how major stock market announcements are supposed to happen.
adventured 8y ago
As the CEO of Tesla, his Twitter account can act as a legal announcement platform for the company, just as the Tesla site can. The SEC issued that guidance five years ago. The requirement to comply with Regulation FD is that investors should be able to have some reasonable confidence that the source in question - the twitter account - is a legitimate source for the company. The two Twitter accounts that would clearly apply to would be @tesla and @elonmusk.
- dragontamer 8y ago
  TSLA stock should have been halted before the news, not after it. (It seems like TSLA is currently under a T1 halt: "News Pending"). https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts If this isn't a joke, then that means Mr. Musk announced the news before the T1 halt. Expect an SEC investigation soon. I'd definitely expect his actions to be illegal, although I'm not a lawyer. Its probably going to be a slap on the wrist / a relatively small fine, but there's a proper dance to releasing information on the stock market to ensure everything is fair.