Birdwatch Note Rating
2024-12-14 17:30:17 UTC - NOT_HELPFUL
Rated by Participant: 15B1FF2DF30643894ADA47CBA9D039C2E39A3A8F8B5F88A1A29C214E0A7663E3
Participant Details
Original Note:
Elon's Twitter move was strategic buying, not insider trading. His public 9.2% stake disclosure actually hiked the price, inflating the $44B acquisition cost. Not only was it legal, but it actually might have been a financial mistake costing him extra money. https://corpgov.law.harvard.edu/2021/04/02/does-target-firm-insider-trading-signal-the-targets-synergy-potential-in-mergers-and-acquisitions/
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