4 ms·
I hate to pour cold water on this, but the tweet wasn't the value here : It was the announcement itself. Making it in the newspaper (as would have been done in
by mdda 13y ago
I hate to pour cold water on this, but the tweet wasn't the value here : It was the announcement itself. Making it in the newspaper (as would have been done in the past) would have been just as effective. Or via Bloomberg (on their terminals).
OTOH, adding the detail about talking to the CEO is a little odd : Is the implication that he's trading on information that he got from a private conversation? The whole area is a little murky, I guess, because the intention to buy a block should also be material market-affecting information, but somehow it's not against the rules.
- fjcaetano 13y agoI didn't get your point. Of course the tweet isn't worth a damn, but the information is. Just like newspaper as you said. But, since he chose Tweeter to disclose those news, his tweet, in fact, is worth $12.5B
- fjcaetano 13y agoJust adding another thing: what's to be contested in this article is if the tweet was the only thing that leveraged Apple's stocks to those values. Of course it may have been replicated everywhere, but was really just those few characters that generated that boom?
- fivethree 13y agoA well known investor saying, "I bought a lot of AAPL because I think it's undervalued," caused the boom.
- lmartel 13y agoThe significance is (or should be) that he chose to use twitter instead of the newspaper or the Bloomberg terminals.
- apaprocki 13y agoHis tweet was carried on Bloomberg terminals thanks to the Twitter integration, so he essentially announced to anyone with a terminal even though he was using Twitter.