Halls of Shrewd'm / US Policy❤
No. of Recommendations: 0
Elon might be in some trouble due to his disastrous X purchase and subsequent collapse of ad revenue. Story is he might have to start selling quite a bit of Tesla shares to plug the X hole.
https://www.econotimes.com/Elon-Musk-on-the-Brink-...I’m trying not to be a conspiracy guy here, but wondering if forced selling could cause a general tech market collapse, and could that spread to the general market? Wouldn’t it be crazy if his purchase of X caused his personal blowup, and ended blowing up the entire market?
No. of Recommendations: 0
" Wouldn’t it be crazy if his purchase of X caused his personal blowup, and ended blowing up the entire market?"
Not crazy at all. If, IF, trump loses Musk, Ackman, and several others will get punished for flipping to trump. Google what happened to Ackmans attempt to take his CEF public last month. The indications of interest disappeared from 20 billion to cancelled. Opening your mouth in AmeriCON is very risky business.
No. of Recommendations: 5
I’m trying not to be a conspiracy guy here, but wondering if forced selling could cause a general tech market collapse, and could that spread to the general market? Wouldn’t it be crazy if his purchase of X caused his personal blowup, and ended blowing up the entire market?
While Musk's investment in Twitter has been...unfortunate, I don't think Musk selling a billion or two of stock will have much effect. Bezos sold $13 billion of Amazon this year and the stock is doing great.
No. of Recommendations: 3
"Not crazy at all. If, IF, trump loses Musk, Ackman, and several others will get punished for flipping to trump. Google what happened to Ackmans attempt to take his CEF public last month. The indications of interest disappeared from 20 billion to cancelled. Opening your mouth in AmeriCON is very risky business."
WHO exactly is going to punish them for flipping to Trump?
