Twitter

[Garmel]

I suspect that Musk was told that though he could be on the board, he'd basically be wasting his time because nobody there was receptive to things like free speech and consistently applying the rules.

Tesla CEO Elon Musk will not join Twitter's board - CNN

"As part of his agreement to join the board, the Musk had committed to not acquiring more than 14.9% of the company’s shares during his term. Some corporate governance experts suggested that the move could have been a way of reining in Musk’s influence over the company. Now, that limitation is no longer in place, leaving the door open for Musk to potentially take a more aggressive stance by buying up more of Twitter’s shares."

 

[mb227]

His ownership % will require him to not be such an ******* to people now. Apparently, he bilked stockholders of about $160,000,000 by not announcing that he was a 5% owner and to continue to buy stock. Very capitalist of him.

Nobody got 'bilked' of that amount.

The ONLY people with a potential claim would be those can demonstrate they would have sold in that very narrow window of time, never mind that their position was enhanced by having held for a few more days.

You ALSO seem to overlook that for each share of stock sold, a share of stock was purchased. It isn't like going to the school bookstore and buying a few sheets of paper. Anyone who watches a stock closely can tell when there is unusual trading activity indicative of acquisition activities...and yes, a 5% position WOULD show in that manner given the number of shares which would be involved.

 

[Mr. Deez]

Tesla CEO Elon Musk will not join Twitter's board - CNN

"As part of his agreement to join the board, the Musk had committed to not acquiring more than 14.9% of the company’s shares during his term. Some corporate governance experts suggested that the move could have been a way of reining in Musk’s influence over the company. Now, that limitation is no longer in place, leaving the door open for Musk to potentially take a more aggressive stance by buying up more of Twitter’s shares."

I'd love it if he bought a majority and ****-canned these people.

 

[OUBubba]

Nobody got 'bilked' of that amount.

The ONLY people with a potential claim would be those can demonstrate they would have sold in that very narrow window of time, never mind that their position was enhanced by having held for a few more days.

You ALSO seem to overlook that for each share of stock sold, a share of stock was purchased. It isn't like going to the school bookstore and buying a few sheets of paper. Anyone who watches a stock closely can tell when there is unusual trading activity indicative of acquisition activities...and yes, a 5% position WOULD show in that manner given the number of shares which would be involved.

Sometimes I think I could type "OU Sucks" and you would reflexively disagree with me. He violated an established SEC rule (law?) and benefited by $160,000,000. Maybe I'm aggressive with the word "bilked".

 

[Mr. Deez]

Sometimes I think I could type "OU Sucks" and you would reflexively disagree with me.

I assure you that would break any reflexive disagreement.

 

[mb227]

Sometimes I think I could type "OU Sucks" and you would reflexively disagree with me. He violated an established SEC rule (law?) and benefited by $160,000,000. Maybe I'm aggressive with the word "bilked".

Liberal media is always going to use the extremes when it comes to pricing and ALSO shows time and again that they don't understand that profit and loss do not actually exist until such time as the asset (in this case, stock) has been sold.

There are MANY stocks that the high of the day could be in the morning or it could come later in the day. These are precisely the trends that many traders look to take advantage of. By your assertion, they are ALSO allegedly 'bilking' stakeholders out of paper valuations...

The filing shows that his 9.2% interest accounts for 73,486,938 shares. If we accept at face value the $160M number you give, that means there was about two bucks a share, which is absolutely in-line with daily movements. Anyone who has, in the past, shorted the crap out of $TWTR is aware of this...I made quite a bit of money shorting it in the past after they canned DJT.

 

[OUBubba]

Liberal media is always going to use the extremes when it comes to pricing and ALSO shows time and again that they don't understand that profit and loss do not actually exist until such time as the asset (in this case, stock) has been sold.

There are MANY stocks that the high of the day could be in the morning or it could come later in the day. These are precisely the trends that many traders look to take advantage of. By your assertion, they are ALSO allegedly 'bilking' stakeholders out of paper valuations...

The filing shows that his 9.2% interest accounts for 73,486,938 shares. If we accept at face value the $160M number you give, that means there was about two bucks a share, which is absolutely in-line with daily movements. Anyone who has, in the past, shorted the crap out of $TWTR is aware of this...I made quite a bit of money shorting it in the past after they canned DJT.

Well. Apparently, he bought at $35 and it jumped to $52 when it was announced that he was a 5% owner. I will admit I don't know how they come to that conclusion. I don't think that the "liberal media" made the estimation. I would assume that they are reporting what SEC-ish people are saying.

 

[OUBubba]

Elon Musk buys 73.5 million shares of Twitter's stock, becoming biggest stakeholder

Twitter’s stock surged nearly 30 percent Monday. Since March 14, the date listed on filing by Twitter, its shares are up nearly 50 percent, meaning that Musk’s investment has paid handsomely, so far.

 

[mb227]

Well. Apparently, he bought at $35 and it jumped to $52 when it was announced that he was a 5% owner. I will admit I don't know how they come to that conclusion. I don't think that the "liberal media" made the estimation. I would assume that they are reporting what SEC-ish people are saying.

The FOMO crowd are the same ones who bought into dogecoin because of the Elon factor.

Meanwhile, the dead cat bounce was a multi-day ramp-up, which says SOME clearly understood what was going on. And, for those following along...it didn't stay there for long. Although it is 'up' at the moment, up means it trades for ~$47 after opening this AM around $45.50. And THAT was a decrease from the close yesterday...

So anyone claiming that it instantly jumped because of an announcement does NOT know how to read a ticker...and yes, any SEC'ish talking heads fall in that category because the enforcement arm would not have been doing the talk show rounds.

 

[mb227]

Elon Musk buys 73.5 million shares of Twitter's stock, becoming biggest stakeholder

Twitter’s stock surged nearly 30 percent Monday. Since March 14, the date listed on filing by Twitter, its shares are up nearly 50 percent, meaning that Musk’s investment has paid handsomely, so far.

Until he SELLS those shares, he has made NOTHING. $TWTR pays no dividends.

The only people who have definitely made anything are those who shorted the stock at the top of the charts...which actually is nowhere NEAR the high for the stock, which had been on a downhill slide since they banned DJT.

It got CLOSE to $80 in January 2021 and then crashed before dead-cat bouncing.

 

[Sangre Naranjada]

"OU Sucks"

I agree.

 

[Sangre Naranjada]

Well. Apparently, he bought at $35 and it jumped to $52 when it was announced that he was a 5% owner. I will admit I don't know how they come to that conclusion. I don't think that the "liberal media" made the estimation. I would assume that they are reporting what SEC-ish people are saying.

It jumped to $52 because a lot of other people bought it in hopes of the price rising. It didn't happen by magic, it happened by market forces.

 

[OUBubba]

It jumped to $52 because a lot of other people bought it in hopes of the price rising. It didn't happen by magic, it happened by market forces.

It also jumped after he announced that he was a 5% owner. It's a law. I thought you guys were the law and order party?

 

[mb227]

It also jumped after he announced that he was a 5% owner. It's a law. I thought you guys were the law and order party?

A dead-cat bounce does not mean he profited. Until such time as he sells, NOBODY will know if he profits at ALL from this position.

The SEC form is filed.

And, as noted, anyone watching activity saw SOMEONE was buying an interest. Sorry you don't follow stocks...and perhaps even more sorry if you were one of the fools that bought the news at the top of the bounce. You should have shorted it at that point...

 

[EDT]

Sometimes I think I could type "OU Sucks" and you would reflexively disagree with me. He violated an established SEC rule (law?) and benefited by $160,000,000. Maybe I'm aggressive with the word "bilked".

It's about time you posted "OU SUCKS" Keep up the good work.

 

[OUBubba]

A dead-cat bounce does not mean he profited. Until such time as he sells, NOBODY will know if he profits at ALL from this position.

The SEC form is filed.

And, as noted, anyone watching activity saw SOMEONE was buying an interest. Sorry you don't follow stocks...and perhaps even more sorry if you were one of the fools that bought the news at the top of the bounce. You should have shorted it at that point...

OK Ms. Condescending. It was a violation of SEC laws. There was no violation of anything Bubba related.

 

[mchammer]

I'd love it if he bought a majority and ****-canned these people.

It doesn’t have to be a majority. At some level between 20-50% ownership, Twitter can delist or be forced to delist from the stock exchange. At that point, the shares are no longer traded publicly (it converts to a privately held company with many minority shareholders) and all those SEC rules protecting the board go into the circular filing cabinet.

 

[OUBubba]

I can't wait for the upcoming episodes.

-mb explains the benefits of HTC to Snoop Dog, Willie Nelson, and Ricky Waters.
-mb explains fastpitch softball to Patty Gasso.
-mb explains the stinger to Eldrich Woods.
-mb visits Lubbock to provider pointers on how to properly throw a tortilla.
-mb touts college station to straiten up the overall usage in the yell crew.
-mb explains the benefit if pre-manufactured and MOBILE housing AND methamphetimine to OUBubba.

 

[guy4321]

Brilliant.

Liberals Outraged To Learn 10% Of Twitter Now Owned By African-American

 

[mb227]

Bubba, your continued comments tell me you have not even bothered to look at the trends of the stock as Elon was buying up blocks of $TWTR.

It is included in the Schedule 13 that was filed.

It ALSO tells me you have not been able to take in the dead cat bounce tendencies, especially since the ban of DJT in January 2021, even WITH THE CHART BEING POSTED.

 

[OUBubba]

Bubba, your continued comments tell me you have not even bothered to look at the trends of the stock as Elon was buying up blocks of $TWTR.

It is included in the Schedule 13 that was filed.

It ALSO tells me you have not been able to take in the dead cat bounce tendencies, especially since the ban of DJT in January 2021, even WITH THE CHART BEING POSTED.

Your comments tell me that you fail to understand that Musk violated a SEC law. He will likely be fined. Just acknowledge it. That's all.

He's notorious for playing the market with his twitter feed.

 

[mb227]

Your comments tell me that you fail to understand that Musk violated a SEC law. He will likely be fined. Just acknowledge it. That's all.

He's notorious for playing the market with his twitter feed.

He complied with the RULE. Whether this is determined to be a violation of the $TSLA Consent Decree or not remains to be seen, but there is no prosecution which would occur.

And if you TAKE THE TIME to review the various charts, you will see that he did what prudent investors do and bought the dips. Whoever fed you the $160M number is getting worked up over roughly two bucks a share, which is standard movement for $TWTR on most days of market activity...

 

[OUBubba]

He complied with the RULE. Whether this is determined to be a violation of the $TSLA Consent Decree or not remains to be seen, but there is no prosecution which would occur.

And if you TAKE THE TIME to review the various charts, you will see that he did what prudent investors do and bought the dips. Whoever fed you the $160M number is getting worked up over roughly two bucks a share, which is standard movement for $TWTR on most days of market activity...

He complied with the RULE AFTER he surpassed the 5% mark. It's like saying "he slowed down to meet the 55 mph speed limit AFTER he was a mile past the speed zone sign."

So no you're part of the rule and order party. Got it.

 

[mb227]

He complied with the RULE AFTER he surpassed the 5% mark. It's like saying "he slowed down to meet the 55 mph speed limit AFTER he was a mile past the speed zone sign."

So no you're part of the rule and order party. Got it.

Guess what? He has no obligation to file just because he acquires shares of a company. Until a threshold is met, he is just like any other person buying and selling stock in a company of which he is not an insider.

The 13D was not required until he hit the 5% mark.

You making a big deal out of this is no different than the way you claimed Dinesh D'Souza was some major criminal because of a ~$30K campaign finance violation. Meanwhile, you turn a blind eye to the blatant grift committed by the Biden Crime Family.

Oh, and fair warning...I will be exceeding the posted speed limit for about 25 miles in a half-hour or so. And no, I won't feel an iota of guilt over it...I also will not be ticketed for it.

 

[OUBubba]

Guess what? He has no obligation to file just because he acquires shares of a company. Until a threshold is met, he is just like any other person buying and selling stock in a company of which he is not an insider.

The 13D was not required until he hit the 5% mark.

You making a big deal out of this is no different than the way you claimed Dinesh D'Souza was some major criminal because of a ~$30K campaign finance violation. Meanwhile, you turn a blind eye to the blatant grift committed by the Biden Crime Family.

Oh, and fair warning...I will be exceeding the posted speed limit for about 25 miles in a half-hour or so. And no, I won't feel an iota of guilt over it...I also will not be ticketed for it.

So are you under the opinion that he reached the 5% and then filed the paper?

 

[OUBubba]

So are you under the opinion that he reached the 5% and then filed the paper?

Also, is a felony labeled a major crime?

 

[mb227]

So are you under the opinion that he reached the 5% and then filed the paper?

He had two business weeks (for all intents and purposes) to file. You are making it out to be some huge deal that he missed a deadline by roughly two weeks. If anything, he gets his hand slapped, which will be the equivalent of a deferred disposition in traffic court.

You ALSO continue to ignore that 1) he makes NO money on the stock except and unless he sells for a profit (something you have not demonstrated as having occurred) and that 2) lemmings flock to anything Elon Musk touches, much the same as a group tends to follow Pelosi's stock purchases in the hopes of profiting in the same way she has...and items 1 and 2 being beyond your apparent limited scope of understanding helps to show you don't understand market movements. The ONLY other plausible explanation is you are in a sour grapes mood because you bought the news and have now lost several dollars per share, at least on paper.

 

[mb227]

Also, is a felony labeled a major crime?

Sometimes yes, sometimes no.

Some felonies are misdemeanors that were enhanced based on facts of a case.

 

[Driver 8]

lemmings flock to anything Elon Musk touches

LOL
A bunch of lemmings have gotten very rich on $TSLA
SpaceX has done pretty well, as has PayPal, etc but it's probably nothing
You sound like the other breed of lemming, predictably so

 

[mb227]

LOL
A bunch of lemmings have gotten very rich on $TSLA
SpaceX has done pretty well, as has PayPal, etc but it's probably nothing
You sound like the other breed of lemming, predictably so

There are many who got in at the top and have been having to hope and pray it gets back to that level...remember the bubble over options a year or so back when it appeared they were getting government EV contracts?

FFS, just look at $TSLA across the last six months...some are in position to show a nice profit if they sell while some are looking at losses...

Not like those hoping for rebounds can even count on quarterly dividends either, since there are none.

And who can forget the dogecoin debacle...

Those that immediately plow into anything Elon is related to will OFTEN be burned. The FOMO kicks in and they don't do the due diligence.

It is ALSO essential to remember that, outside of shorts and option plays, paper wealth while holding an asset is NOT rich. And even those two avenues are no guarantee...