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No, Musk said "a deal is done" while in reality the other side of the deal didn't agree to anything, and ultimately nothing happened. Would've been the same fra
by H8crilA 5y ago
No, Musk said "a deal is done" while in reality the other side of the deal didn't agree to anything, and ultimately nothing happened. Would've been the same fraud if it was a press release on EDGAR, probably worse since you can always play cute and say "lol it's Twitter it's for shitposting". Nothing to do with insider trading (that we know of) and little to do with the form of the disclosure/lie. It was just a cacophonous stupidity.
(I'm talking about the 420 tweet)
- bpodgursky 5y agoAh. Still, it's hard to see who got hurt by that one, given that anyone who bought Tesla hoping for a $420 exit is now sitting pretty above $700.
- naturalauction 5y agoThat doesn’t make his conduct legal. See Martin Shkreli who was convicted of fraud and sentenced for 7 years despite making his investors money.
- H8crilA 5y agoThe people that bought on the "announcement", and sold on the "lol, got you". But yeah for some (many?) people it was a non-event. Also what the sibling wrote.