Zuberi@lemmy.dbzer0.com 11 months ago
Elon made deals w/ hedge funds to funnel him money as they shorted the stock (not to mention 100x leverage derivatives against TSLA). Because Twitter is collateralized against his wonder-child.
Since canceling his PR team, Elon’s entire MO has been to run it into the ground in a manner that seems plausible to the SEC so he doesn’t get out-right sued.
He just isn’t this stupid, whether you want him to be or not.
“Fuck you” to his advertisers seems like a fairly on-brand way to telegraph his true intentions. I really look forward to a point where we can forget about his relevance when all 3 companies bite the dust.
Until true ownership comes about, we just have to watch the 1% dorks destroy an already crumbling, overly-centralized system.
schema@lemmy.world 11 months ago
Which stock did they short? TSLA? I thought TSLA was up this year. Isn’t most of his own networth in TSLA stocks?
Is there any serious source on this where I can read about this?
Zuberi@lemmy.dbzer0.com 11 months ago
When twitter fails he force sells all of his TSLA as collateral. Simple as that.
He could make way more money than TSLA loses (and he obviously doesn’t give a fuck about the employees losing their jobs) from his 100x bets against Tesla.