The Soapbox

Blah

Joined: 08/31/2001 Posts: 31759
Likes: 49037


To be fair, he tried to sell a good amount of Tesla shares close ...


to the peak at around $340s in early/mid April (minus the quick blip to $400 in Nov. '21). IMO and many others, Musk got cute ... and tried to mask his sale by making a "bid" for Twitter. He was gladly willing to pay the $1bn breakup penalty to not spook TSLA shareholders (also have an excuse for the selling pressure - stronger px for his sale). Unfortunately for Elon, it sounds like he left a paper trail of his scheme. The Delaware Courts went ahead with the case.

Personally, I think it's hilarious Twitter screwed him. Elon's stunt was outright unethical ... although somewhat brilliant ... executed poorly. Unfortunately, the other the big losers of the acquisition are the low/mid level employees of Twitter. Their livelihoods are at stake ... while the Twitter execs and major shareholders get to bathe in Elon's money. Twitter needed to cut costs, but Elon's made a mess of it.

(In response to this post by southdenverhoo)

Posted: 12/15/2022 at 9:55PM



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Current Thread:
  They could go to the Red Hen and commiserate together. ** -- psychobilly 12/15/2022 10:26PM
  Damn, those are just reporters -- WahooMatt05 12/15/2022 8:43PM
  Predictably they're cheering it on. ** -- Seattle .Hoo 12/15/2022 8:52PM
  Ah well. Twitter can do what it wants. ** -- Seattle .Hoo 12/15/2022 8:28PM
  Yes, but it is great comedy. ** -- HoosWillWin 12/15/2022 10:00PM

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