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He can't sell after a move like this, it would be illegal. He's announcing his plans to not just hold but also to control the company, specifically to unlock va
by H8crilA 5y ago
He can't sell after a move like this, it would be illegal. He's announcing his plans to not just hold but also to control the company, specifically to unlock value - means making some top level choices that makes Twitter stock move valuable. Had he dumped immediately after purchase he'd be prosecuted for market manipulation (realities of liquidity notwithstanding).
- Ekaros 5y agoWouldn't be first time of him doing some blatantly against rules... Remember the tweets of taking Tesla private...
- endisneigh 5y agoMusk is not obligated to hold his shares indefinitely. Yes he can’t sell, say, tomorrow. But he can sell in the future.
- H8crilA 5y agoYes, the exact timing is up to the circumstances. But selling a significant amount within the next month would almost certainly be considered an obvious manipulation attempt
- FartyMcFarter 5y agoWhen has this stopped him? He already violated securities laws several times and merely got slapped in the wrist for it.