this post was submitted on 30 Nov 2023
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he said. “We’ll be gone, and it’ll be gone because of an advertiser boycott.”... eeer, no.

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[–] Zuberi@lemmy.dbzer0.com 16 points 9 months ago (27 children)

Elon made deals w/ hedge funds to funnel him money as they shorted the stock (not to mention 100x leverage derivatives against Twitter).

Since canceling his PR team, Elon's entire MO has been to run it into the ground in a manner that seems plausible to the SEC so he doesn't get out-right sued.

He just isn't this stupid, whether you want him to be or not.

"Fuck you" to his advertisers seems like a fairly on-brand way to telegraph his true intentions.

[–] srecko@lemmy.world 31 points 9 months ago (1 children)

There are no twitter stocks, you can't buy or sell them, and therefore can't short them, since you need to borrow them to do just that. This could work if Elon had some percent of the company, so other people's money would enter the equation, but right now it is not possible.

[–] Zuberi@lemmy.dbzer0.com 1 points 9 months ago

TSLA is his Twitter collateral. Really surprised nobody else sees what I see lol..

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