Birdwatch Note Rating
2024-12-14 18:11:00 UTC - HELPFUL
Rated by Participant: 42CE9D2ED0ECD5141B401639275835780A9A632556885CA31571A9EC62F09B91
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/
All Note Details