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> I see this as market manipulation. Absolutely. Any mention of cryptocurrency by Musk or his companies instantly reflects on the price and there's no way in
by input_sh 5y ago
> I see this as market manipulation.
Absolutely. Any mention of cryptocurrency by Musk or his companies instantly reflects on the price and there's no way in hell Musk doesn't know that. Happened with Dogecoin like a week ago (after his SNL appearance), happening again.
- headmelted 5y agoI'm not suggesting anything here, but it doesn't seem outrageous to think that after the SNL appearance and all the dogecoin references that Tesla/Musk may have bought substantial amounts prior to that before the obvious shilling on live television. If that's the case, he would not have expected it to crash. i.e. This may be desperation to fix the quarterly results after the plan backfired.