4 ms·

> but iirc he could still have pulled out by paying "only" a couple billion dollars in fines or something. That clause was clearly for things outside of Elon (

> but iirc he could still have pulled out by paying "only" a couple billion dollars in fines or something. That clause was clearly for things outside of Elon (or former Twitter)'s control. Like if a government stepped in to stop the purchase. Elon never had a good counter argument. So it was simply a case of those who were able to read the public court documents vs the ones who believed Elons out-of-court media blitz. Alas, the only arguments that matter in court are the arguments that are filled in court. None of the discussion points you talked about even made it to the case, they were laughed out long before Elon gave up and bought Twitter. ------ Reading. It's a superpower. That's what the past year has taught me. A surpring number of people cannot read and will believe falsehoods even if they contradict written and agreed upon documents.

jimbob21 3y ago
[flagged]
- dragontamer 3y ago
  On the contrary. I was not arrogant enough. The biggest winners were those who short sold Tesla, knowing that Elon would be forced to sell Tesla stock to afford a $44 Billion purchase (even if $13 Billion was covered in loans and maybe $9 Billion in handshake agreements with other investors like Saudis or Larry Ellison etc. Etc.) If you short sold Tesla and bought TWTR in preparation for the buyout event, you'd have made even more money. Etc. Etc. And some people did do that. -------- Anyway. AMC/APE was the more recent event a few weeks ago proving the illiterate stock market traders. It's happening again and again. Tons of opportunities exist if you have the ability to read, and comprehend, the public legal text. This is absolutely not a thing typical traders can do, the price fluctuations are proof of that. I dunno what the next event will be, but I'm keeping my eyes open for easy money.
  - nickpp 3y ago
    Not so easy money anymore after omnipresent AIs come into play.
- fallingknife 3y ago
  Don't worry. Arrogant traders who have 20/20 hindsight for "obvious" trades always get theirs sooner or later. Usually sooner.
  - sitkack 3y ago
    It doesn’t sound like you’re comprehending the level of reading comprehension that dragon tamer is capable of. They can literally read a sentence, understand it, and then take action, making easy profit. Which in the context of modern anti-intellectualism makes a lot of sense it’s not unlike calling Y equals MX plus B machine learning. Soon arrogance will mean being able to form a complete sentence.
- kergonath 3y ago
  Apart from the last paragraph, it’s a good debunking of that tired “he could have pulled out just by paying 1B$” meme. He could not, and this has been explained in quite a lot of detail on every public forum I have seen at the time. “My man” itself is also obnoxious and condescending.

jimbob21 3y ago

[flagged]

dragontamer 3y ago
On the contrary. I was not arrogant enough. The biggest winners were those who short sold Tesla, knowing that Elon would be forced to sell Tesla stock to afford a $44 Billion purchase (even if $13 Billion was covered in loans and maybe $9 Billion in handshake agreements with other investors like Saudis or Larry Ellison etc. Etc.) If you short sold Tesla and bought TWTR in preparation for the buyout event, you'd have made even more money. Etc. Etc. And some people did do that. -------- Anyway. AMC/APE was the more recent event a few weeks ago proving the illiterate stock market traders. It's happening again and again. Tons of opportunities exist if you have the ability to read, and comprehend, the public legal text. This is absolutely not a thing typical traders can do, the price fluctuations are proof of that. I dunno what the next event will be, but I'm keeping my eyes open for easy money.
- nickpp 3y ago
  Not so easy money anymore after omnipresent AIs come into play.
fallingknife 3y ago
Don't worry. Arrogant traders who have 20/20 hindsight for "obvious" trades always get theirs sooner or later. Usually sooner.
- sitkack 3y ago
  It doesn’t sound like you’re comprehending the level of reading comprehension that dragon tamer is capable of. They can literally read a sentence, understand it, and then take action, making easy profit. Which in the context of modern anti-intellectualism makes a lot of sense it’s not unlike calling Y equals MX plus B machine learning. Soon arrogance will mean being able to form a complete sentence.
kergonath 3y ago
Apart from the last paragraph, it’s a good debunking of that tired “he could have pulled out just by paying 1B$” meme. He could not, and this has been explained in quite a lot of detail on every public forum I have seen at the time. “My man” itself is also obnoxious and condescending.