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Comment on Could X go bankrupt under Elon Musk?

Zuberi@lemmy.dbzer0.com ⁨1⁩ ⁨year⁩ ago

Not true. He can’t buy it and shut it down the next day or he would 100% get sued for manipulation of the markets.

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Windex007@lemmy.world ⁨1⁩ ⁨year⁩ ago
I can shutter my private company whenever I want for whatever reason I want. If the private investors have an issue w/ that, they can sue me.

This has nothing to do with the SEC.

Market manipulation? There are no shares on the market to manipulate. This is WHY companies choose to go private… So that they are no longer beholden to the public shareholders and the regulatory bodies that exist to protect them (the SEC)

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Kecessa@sh.itjust.works ⁨1⁩ ⁨year⁩ ago
That would be illegal and too obvious.

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- Zuberi@lemmy.dbzer0.com ⁨1⁩ ⁨year⁩ ago
  Hence why he’s doing the strategy I described above… Why comment an insult when you deliberately misunderstood my point lol?
  
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  - Kecessa@sh.itjust.works ⁨1⁩ ⁨year⁩ ago
    That’s weird, I was sure I was replying to your other reply to me 🤔 Bug in the matrix or an error on my part? We’ll never know!
    
    So yeah, transpose my reply to that other comment you made about derivatives in reply to me!
    
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