4 ms·
I loathe to think about more complicated regulation, but I think Elon is pushing the boundaries of disclosure. That, and that we have a lot of new populism in s
by jollybean 6y ago
I loathe to think about more complicated regulation, but I think Elon is pushing the boundaries of disclosure. That, and that we have a lot of new populism in stocks, makes me think the SEC maybe needs an update.
I kind of like Elon being able to say 'whatever', but on the other hand, it's not his money now, it's crossed the threshold into public financing, so statements like L2 v. L5 are 'material' and saying the wrong thing is a 'lie' and 'bad'.
Again with the paradox is that he's going to be hosting SNL which is kind of fun to see, on the other hand, it's going to be another occasion to hustle a stock or some kind of crypto which is distasteful.