Birdwatch Archive

Birdwatch Note Rating

2024-12-15 01:05:56 UTC - NOT_HELPFUL

Rated by Participant: 2298B1CD795AF1C6B3F189D02D6901DF033BB23071F22C813C92677E766AEBCD
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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Original Tweet

All Information

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