3 ms·

> You do need to buy Twitter to avoid running afoul of the SEC. Huh?

• HWR_14 3y ago
  At some point in the process, there is a worry that Musks public statements about buying Twitter when he owned like 10% and then not making a real effort to do so may have been investigated as a pump and dump (especially if he followed through in his threat to sell his stock if he wasn't allowed to buy it). Now, I would say that was maybe a month of a long process when that was true.
  • kadoban 3y ago
    Oh I see. Yeah, unless the fines for that were going to be several billion, sounds like an insane reason to buy Twitter.
    • beeftime 3y ago
      Musk's apparent thinking was that it would have been easier to wriggle his way out of the Twitter purchase than the fines (around 1bn, if I recall correctly) turned out not to be the case!