Birdwatch Note Rating
2024-12-14 16:28:19 UTC - HELPFUL
Rated by Participant: DFD2567B3B560D200D631ABAD7A4457189E2FE275D78973D275BF4174752BB87
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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