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Actually most of us can do any or all of the following things that Elon did (write a tweet calling a diver a pedo, write a tweet claiming that a stock will go t

Actually most of us can do any or all of the following things that Elon did (write a tweet calling a diver a pedo, write a tweet claiming that a stock will go to 420 huh huh, tweet random nonsense about cryptos, criticize the SEC or FAA, etc.) with very little consequence, if any.

moralestapia 5y ago
Step 1: Become the CEO/major shareholder of a billion+ dollar company. Step 2: Publicly lie about some purported acquisition with the purpose of manipulating the stock of said company. We can talk after you've done that, from jail probably.
- dnautics 5y ago
  My point is, I can lie about purported acquisitions of companies now.
  - moralestapia 5y ago
    Come on, dnautics. This is not hard. You're neither an insider of said companies, nor are you a public figure with enough influence to actually manipulate the market.
    - dnautics 5y ago
      I think the problem is that we expect the market to be fair. Because a lot of social systems depend "on the market" in really stupid ways. Maybe that's the real problem. If CEO's wanna lie, then we shouldn't trust them, but is it right for it to be illegal for them to do so? I promise you every CEO has lied (uncharitably, misreprented, charitably) at some point about their company. So in the end, it can come down to a matter of which CEO has the most political connections/political favor so as not to get jacked by the state that can arbitrarily choose to reinterpret a misrepresentation as a lie. I'm a person that actively gets politically disfavored (overrepresented minority, and all that) so that sort of shit scares the fuck out of me, since I would like to get a large amount of money to help change society for the better.
      - moralestapia 5y ago
        Just so we can appreciate the whole spectrum. A random dude made a post on reddit about how he planned to invest all of his meager (in comparison) savings into GameStop stock. The post caught on, we all know what happened, and he ended up being called by the SEC, accused of market manipulation, among other things. https://freespeechproject.georgetown.edu/tracker-entries/sec-and-other-regulators-investigate-online-calls-to-buy-gamestop-shares/ https://freespeechproject.georgetown.edu/tracker-entries/sec...
  - DrBenCarson 5y ago
    As a publicly accepted absolute source on said company?
- maverick-iceman 5y ago
  I think the SEC gives insiders and C-suite some kind of free pass as long as they don't time their 'overtlyoptimistic' takes on their company with their stock sales or vest. The SEC is giving Musk free reign because they know that he can't leave the company because the two entities are so intertwined. Musk wealth is effectively just paper wealth. The SEC doesn't care that investment bankers consider it real enough to give Musk loans for those pledged shares They also don't care that the cult of personality he managed to create enable him to constantly not produce results and investors still give him money In the end the SEC cares about real cash leaving the company coffins and into the owners pockets , not paper wealth swelling. It's really a M.A.D. game between Musk and the SEC at this point...the SEC is willing to bet that it's not remotely possible that Musk lied through his teeth this whole time just to get to #1 in the paper wealth Forbes list only to implode while at the top. Musk on the other hand doesn't strike me as a cold calculator such as Gates or Brin or Zuck, he is much more impulsive and there are non-zero chances that he did just that.
  - sudosysgen 5y ago
    My memory might be falling me, but wasn't Elon Musk's manipulation actually timed to coincide with his performance bonus, and directly ended with millions of dollars leaving Tesla coffers and endint up in Elon's pocket?
- carlivar 5y ago
  The part Musk did: inserted a step 1.5 of building a mythos as someone essentially worshipped by one of history's biggest group of fanboys. You can find a nameless CEO guilty. No one cares. No popular Twitter account or quirky pop culture aspects! But Musk knows his place he has created in our culture has made him untouchable.
  - SZJX 5y ago
    Well, it seems to me that the SEC has been extremely lenient for some time now and it’s not exactly news. When was the last time a CEO of a big corp got busted, not to mention got jail time? It applies to the whole supervisory landscape in the US as well, not just the SEC. So I’m not sure how much it has to do with Musk’s perception in the popular culture. The “pedo” case maybe more so, but the SEC part I’m not so sure of.
- deleted 5y ago
  [deleted]

moralestapia 5y ago

Step 1: Become the CEO/major shareholder of a billion+ dollar company. Step 2: Publicly lie about some purported acquisition with the purpose of manipulating the stock of said company. We can talk after you've done that, from jail probably.

dnautics 5y ago
My point is, I can lie about purported acquisitions of companies now.
- moralestapia 5y ago
  Come on, dnautics. This is not hard. You're neither an insider of said companies, nor are you a public figure with enough influence to actually manipulate the market.
  - dnautics 5y ago
    I think the problem is that we expect the market to be fair. Because a lot of social systems depend "on the market" in really stupid ways. Maybe that's the real problem. If CEO's wanna lie, then we shouldn't trust them, but is it right for it to be illegal for them to do so? I promise you every CEO has lied (uncharitably, misreprented, charitably) at some point about their company. So in the end, it can come down to a matter of which CEO has the most political connections/political favor so as not to get jacked by the state that can arbitrarily choose to reinterpret a misrepresentation as a lie. I'm a person that actively gets politically disfavored (overrepresented minority, and all that) so that sort of shit scares the fuck out of me, since I would like to get a large amount of money to help change society for the better.
    - moralestapia 5y ago
      Just so we can appreciate the whole spectrum. A random dude made a post on reddit about how he planned to invest all of his meager (in comparison) savings into GameStop stock. The post caught on, we all know what happened, and he ended up being called by the SEC, accused of market manipulation, among other things. https://freespeechproject.georgetown.edu/tracker-entries/sec-and-other-regulators-investigate-online-calls-to-buy-gamestop-shares/ https://freespeechproject.georgetown.edu/tracker-entries/sec...
- DrBenCarson 5y ago
  As a publicly accepted absolute source on said company?
maverick-iceman 5y ago
I think the SEC gives insiders and C-suite some kind of free pass as long as they don't time their 'overtlyoptimistic' takes on their company with their stock sales or vest. The SEC is giving Musk free reign because they know that he can't leave the company because the two entities are so intertwined. Musk wealth is effectively just paper wealth. The SEC doesn't care that investment bankers consider it real enough to give Musk loans for those pledged shares They also don't care that the cult of personality he managed to create enable him to constantly not produce results and investors still give him money In the end the SEC cares about real cash leaving the company coffins and into the owners pockets , not paper wealth swelling. It's really a M.A.D. game between Musk and the SEC at this point...the SEC is willing to bet that it's not remotely possible that Musk lied through his teeth this whole time just to get to #1 in the paper wealth Forbes list only to implode while at the top. Musk on the other hand doesn't strike me as a cold calculator such as Gates or Brin or Zuck, he is much more impulsive and there are non-zero chances that he did just that.
- sudosysgen 5y ago
  My memory might be falling me, but wasn't Elon Musk's manipulation actually timed to coincide with his performance bonus, and directly ended with millions of dollars leaving Tesla coffers and endint up in Elon's pocket?
carlivar 5y ago
The part Musk did: inserted a step 1.5 of building a mythos as someone essentially worshipped by one of history's biggest group of fanboys. You can find a nameless CEO guilty. No one cares. No popular Twitter account or quirky pop culture aspects! But Musk knows his place he has created in our culture has made him untouchable.
- SZJX 5y ago
  Well, it seems to me that the SEC has been extremely lenient for some time now and it’s not exactly news. When was the last time a CEO of a big corp got busted, not to mention got jail time? It applies to the whole supervisory landscape in the US as well, not just the SEC. So I’m not sure how much it has to do with Musk’s perception in the popular culture. The “pedo” case maybe more so, but the SEC part I’m not so sure of.
deleted 5y ago
[deleted]