I partly agree. He isnāt that stupid and things are not so simple that twitter would just go under.
He is not that smart either. He is a petulant child. Either the money he has, or from before, he is a narcissist and he thinks he knows better than anyone else. He doesnāt get dettered by having failures.
Since twitter is no longer publicly traded, he doesnāt have to make anything āseem plausibleā to the SECā¦ So the premise of your theory needs some work.
That would be illegal and too obvious.
Not surprised youāre a DRS GME participant and I say that as a GME shareholderā¦ In this case the guy is just an idiot.
I can shutter my private company whenever I want for whatever reason I want. If the private investors have an issue w/ that, they can sue me.
This has nothing to do with the SEC.
Market manipulation? There are no shares on the market to manipulate. This is WHY companies choose to go privateā¦ So that they are no longer beholden to the public shareholders and the regulatory bodies that exist to protect them (the SEC)
Ehā¦ They would have lost money as he bought Twitter for more than it was worth and once he bought it the edge funds were forced to close their positions as Twitter wasnāt on the market anymore.
Unless youāre talking about shorting Tesla in which case sure, but thatās Elonās piggy bank, so that wouldnāt make much sense.
Whether he intends it or not, itās going to die when it turns into a far right outrage echo chamber. The only people willing to advertise will be outright scammers. Thereās a reason why every right wing alternative platform fails. They also tend to fail to attract normies with moderate conservative beliefs. If they do get them, they leave after the userbase reveals itself to be a bunch of racist incels.
