Birdwatch Note Rating
2024-12-14 18:22:49 UTC - NOT_HELPFUL
Rated by Participant: E0F02515958C96A8182EAB09FCCBD38A2CA642DEFAC85B1E0E227821AB4D612B
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