he said. “We’ll be gone, and it’ll be gone because of an advertiser boycott.”… eeer, no.

  • Crismus@lemmy.world
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    1 year ago

    He only bought Twitter because he was forced to or admit he was trying to manipulate the stock again.

    He bought a much higher stake, used Twitter to telegraph a higher price than it was worth. Then he didn’t use his own money when he was finally forced to purchase Twitter at the higher price he tweeted. The money he used to purchase Twitter came from countries who have stated they didn’t want Twitter to be around because it hurt their public perception when they were caught doing shady things.

    His Twitter gift started the same way the SEC sued him for market manipulation for his Tesla manipulation years before. Publishing his $420 price point then selling stock when the price goes beyond his tweeted price point.

    He was never savy enough to use shorting like the Hedge funds do, but his reach among the idiot masses to cause jumps in price to artificially male a bigger profit.