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I considered this purchase a miscalculation on his part. After he bought 9% of twitter, he wanted to do some market manipulation like with Tesla. Only he got
by legohead 4y ago
I considered this purchase a miscalculation on his part. After he bought 9% of twitter, he wanted to do some market manipulation like with Tesla. Only he got burned last time, so he attempted to do it legit with his "offer". He never expected them to actually accept. And why he tried so hard to back out.
However, now that it's done, I don't doubt his earnest or abilities to drive twitter forward. In any case it will be very interesting to watch.
- 93po 4y agoThere is zero evidence for literally anything you're saying and your accusations are completely baseless.
- legohead 4y agoCircumstantial evidence. And he has literally done it before [1]. [1] https://www.sec.gov/news/press-release/2018-226 https://www.sec.gov/news/press-release/2018-226
- 988747 4y agoIf he wanted to manipulate market then just the rumor about the purchase would send stocks higher. In fact, after his announcement on April 14th, Twitter rose 7.5% on the next session (18th). No need to actually sign the deal to make few hundred millions of dollars. On the other hand, how would he cash out his gamble? You cannot announce that you want to buy 100% of the company stocks, and then start selling off the 9% that you already have, that would be a dead giveaway that the offer is not serious.
- bedast 4y agoHe memed the price. How is that a miscalculation? Everything he's doing with Twitter is going as planned.