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It doesn't make them bad. It makes them disingenuous. This Tweet did not do any damage to people who has held onto Tesla stock. It did damage to short term a
by slg 7y ago
It doesn't make them bad. It makes them disingenuous. This Tweet did not do any damage to people who has held onto Tesla stock. It did damage to short term arbitrage seekers that were trying to make a profit by being the first to act on the news. These people were at one point shareholders, but they likely weren't shareholders before the Tweet and likely aren't shareholders now. I don't and I assume the general public doesn't have a lot of sympathy for that type of trader.
- akerl_ 7y agoThe definition of shareholder doesn’t require that somebody hold the shares for a given amount of time. It’s clear that you don’t have sympathy for people who aren’t long on Tesla stock, but that doesn’t change the fact that they were shareholders, and they were misled because Musk made false statements about the finances of his company to the public.
- FireBeyond 7y ago> It did damage to short term arbitrage seekers that were trying to make a profit by being the first to act on the news. As opposed to long term traders, who are not trying to make a profit?
- thaumasiotes 7y agoAs opposed to long term traders who are suing without having been harmed. Ideally, in a lawsuit, you want the plaintiff to have suffered some kind of harm at the hands of the defendant.
- ABeeSea 7y agoAre short term traders not shareholders at a moment in time? Why are you segmenting shareholders based on length of ownership?