3 ms·
> An absured valuation isn't evidence of fraud. For a public company that is certainly true. The valuation is determined by the market as a whole, so there can
by jjav 3mo ago
> An absured valuation isn't evidence of fraud.
For a public company that is certainly true. The valuation is determined by the market as a whole, so there can be no fraud.
But the fraud is in the profitability claims, such as 1T/yr in just a few years, which are clearly completely fabricated nonsense. No company officer should be allowed to make such claims without being removed from office.
- 2PqboPPmKegvanx 3mo ago>No company officer should be allowed to make such claims without being removed from office. Any other company officer in a fortune 100 company would be removed from office if they made claims like this. The single reason he isn't is because he owns something like 80 something percent of voting power.
- infecto 3mo agoNo different than Meta or Snap but folks only like to think about Elon.