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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
by 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 agoOh I see. Yeah, unless the fines for that were going to be several billion, sounds like an insane reason to buy Twitter.
- beeftime 3y agoMusk'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!