this post was submitted on 03 Dec 2023
351 points (85.6% liked)

Technology

59377 readers
3716 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Windex007@lemmy.world 27 points 11 months ago (1 children)

Since twitter is no longer publicly traded, he doesn't have to make anything "seem plausible" to the SEC... So the premise of your theory needs some work.

[–] Zuberi@lemmy.dbzer0.com 2 points 11 months ago (2 children)

Not true. He can't buy it and shut it down the next day or he would 100% get sued for manipulation of the markets.

[–] Windex007@lemmy.world 1 points 11 months ago

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 private... So that they are no longer beholden to the public shareholders and the regulatory bodies that exist to protect them (the SEC)

[–] Kecessa@sh.itjust.works -1 points 11 months ago* (last edited 11 months ago) (1 children)

That would be illegal and too obvious.

Not surprised you're a DRS GME participant and I say that as a GME shareholder... In this case the guy is just an idiot.

[–] Zuberi@lemmy.dbzer0.com 0 points 11 months ago (1 children)

Hence why he's doing the strategy I described above.. Why comment an insult when you deliberately misunderstood my point lol?

[–] Kecessa@sh.itjust.works 0 points 11 months ago

That's weird, I was sure I was replying to your other reply to me 🤔 Bug in the matrix or an error on my part? We'll never know!

So yeah, transpose my reply to that other comment you made about derivatives in reply to me!