4 ms·
I get the impression that they're not really investing on any grounds more sophisticated than a pump and dump, in that they know their own endorsement increases
by mcintyre1994 5y ago
I get the impression that they're not really investing on any grounds more sophisticated than a pump and dump, in that they know their own endorsement increases the price. It's not really the same thing, but it's indistinguishable if you're left holding the bag.
- blunte 5y agoBut a billionaire presumably wouldn’t trade value of their name/brand just for small gains in a pump and dump. These guys aren’t stupid…
- ceejayoz 5y agoThey are, though. We’re all stupid at times. Musk has accomplished much; he also libels random people as pedos and claims COVID will be gone by April 2020. https://twitter.com/elonmusk/status/1240754657263144960 https://twitter.com/elonmusk/status/1240754657263144960
- JumpCrisscross 5y ago> These guys aren’t stupid I don’t think Musk’s brand suffers because of what he’s doing in DogeCoin. Crypto and the broader economy continue to have limited connection. Nobody reasonable will turn down Cuban’s business or term sheet because someone else lost money on TITAN. The networks are mutually exclusive.
- rchaud 5y agoMark Cuban is the basis of the Russ Hanneman VC character in the TV show Silicon Valley. Russ makes it a point to put his name on anything, including bespoke tequila. That itself may be a reference to Mark Cuban appearing in an episode of Entourage as himself, promoting an investment in a tequila brand.