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r/technology | post | r/technology | 2024-04-06 |
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Nobody in the comments is surprised, and most saw it since day one. We all fucking see it on the daily from Elmo.
Yet it takes decades for this prick to get called out by someone in charge.
What a joke. | r/technology | comment | r/technology | 2024-04-06 |
Modern? lol.
Bread and circuses. | r/technology | comment | r/technology | 2024-04-06 |
I would have sold, then shorted it. Why make profit once when you can do it twice? Man is leaving free money on the table. He no longer has the billionaire mindset smh /s | r/technology | comment | r/technology | 2024-04-06 |
A Form 4 only needs to be a few days in advance. From the SEC page on Elon Musk's filings this looks like it was fair practice. | r/technology | comment | r/technology | 2024-04-06 |
lol so what's gucci with Drumpf? | r/technology | comment | r/technology | 2024-04-06 |
Okay, and you're probably not going to do anything about it but fine him. Whoopty dooo | r/technology | comment | r/technology | 2024-04-06 |
The Form 4 filings are on the SEC website. 10b5-1 isnt mandatory. | r/technology | comment | r/technology | 2024-04-06 |
Don't give me hope that this muppet might actually see some consequences for his actions! | r/technology | comment | r/technology | 2024-04-06 |
After he lived like a god for 90% of his life lol, great job. | r/technology | comment | r/technology | 2024-04-06 |
Both seem like examples of rich people who got so overleveraged they have to continually scrape out new cash flows (ie, scams) to stay ahead of the failing financial machines they built...
Both gotta announce new reasons for people to put in money so that all the failing attempts they've accumulated are always in danger of being exposed & sinking the hype train... | r/technology | comment | r/technology | 2024-04-06 |
What? She was sent to jail for committing securities fraud through *insider trading*. It’s the same crime. The point was she went to jail for insider trading an amount far smaller than $7b.
Your comment doesn’t make any sense. | r/technology | comment | r/technology | 2024-04-06 |
covid didn't make people right wing. it made right-wing people more so. there was no special threat to his business that others weren't facing | r/technology | comment | r/technology | 2024-04-06 |
He's more than willing to pay a small fine by the SEC. It nothing but a small tariff to reap the rest of the $7.5 billion. | r/technology | comment | r/technology | 2024-04-06 |
Honestly though, he doesn't at all come off as confident/self-assured lol pettiness isn't a leading indicator of confidence unless you're 12 lol | r/technology | comment | r/technology | 2024-04-06 |
Well it’s a good thing Musk has a long good standing relationship with the SEC and didn’t tweet out that they needed to, and I’m quoting here, “Suck Elon’s Cock”. | r/technology | comment | r/technology | 2024-04-06 |
So does every member of the senate ... | r/technology | comment | r/technology | 2024-04-06 |
From how brutal working for him sounds, that's just real experts being real experts lol managing company politics is a tough, but necessary skill. | r/technology | comment | r/technology | 2024-04-06 |
No. Not a chance. Listen to elom talk. He can use words at the high school level and finish his sentences. There's no way GOP would get behind him. He has the criminal background needed, but he is too smart for them. He also has not tapped into Jesus yet either. That's like two strikes against him.. | r/technology | comment | r/technology | 2024-04-06 |
ah, so 7.4b is the limit | r/technology | comment | r/technology | 2024-04-06 |
Yeah it least that side only chanted it. | r/technology | comment | r/technology | 2024-04-06 |
>If he’s selling stock, it should be via 10b5-1.
This is not universally true. Musks filings are publicly available on SEC's website. Everything was known and can be read there. | r/technology | comment | r/technology | 2024-04-06 |
All investing is is a perpetual hype train lol | r/technology | comment | r/technology | 2024-04-06 |
Has lost*
Pretty sure twitter value has gone in a roughly rock-like trajectory since Musk happened to it | r/technology | comment | r/technology | 2024-04-06 |
Don't feel too bad for me, I'm probably a nazi according to everyone here ;)
Cheers. | r/technology | comment | r/technology | 2024-04-06 |
Do you mean to say that Elon Musk - Tesla CEO, owner of formerly Twitter social media platform X, apartheid inheritance nepo-baby - is accused of insider trading, selling $7.5 billion of stock before releasing disappointing sales data that plunged the share price to two-year low? | r/technology | comment | r/technology | 2024-04-06 |
you sound angry lol, there are over 800 billionaires in the US. Maybe you should read a book or 2 about the guy. | r/technology | comment | r/technology | 2024-04-06 |
Mmm I wonder who that is | r/technology | comment | r/technology | 2024-04-06 |
genuine question: what the fuck is the point of stocks? it seems like the only way to reliably make money from stocks is highly illegal | r/technology | comment | r/technology | 2024-04-06 |
He should hurry up and run for office so the govt can overlook it. | r/technology | comment | r/technology | 2024-04-06 |
This is a Felony Musk ! | r/technology | comment | r/technology | 2024-04-06 |
F*CK YOU! I can never unsee that and will forever be haunted. Take my up vote and GTFO! NOW! | r/technology | comment | r/technology | 2024-04-06 |
Anon? That's from final fantasy tactics you ignoramus | r/technology | comment | r/technology | 2024-04-06 |
Im glad we have the SEC to protect us. | r/technology | comment | r/technology | 2024-04-06 |
I'm not saying you're wrong, but I have a different theory.
Back when Twitter was not owned by Musk, it had a certain degree of influence over the public. The previous leadership didn't care about that directly so much as they cared about turning the unprofitable company into a profitable one. Similar trajectory to Facebook. Zuckerberg didn't set out to ruin the world, it's just that being damaging to the fabric of society is accidentally more profitable than being a good citizen.
So while his ego and foolhardiness definitely factors into things, I think Musk really thought he would just take over Twitter and with very little effort start using it to influence the public. I think Musk wanted to accelerate the corporate takeover of the country by supporting right-wing and fascist ideologies. Maybe he believes those ideologies himself, but maybe that doesn't matter and his end goal was/is more money/power/influence for him and less for others.
Now obviously things aren't working out that way because he's a massive manbaby who just can't control himself. Even if he's completely incompetent, he's a billionaire. Everything could've still worked out if he just had hired competent people and then allowed them to do their thing. Similar to how SpaceX is successful \*in spite\* of Musk \*not because\* of him. But pride is a hell of a drug. | r/technology | comment | r/technology | 2024-04-06 |
I vaguely recall reading that it was due to her not being willing to expose who gave her the information. Not sure if there's any truth to it, but it's a funny story. | r/technology | comment | r/technology | 2024-04-06 |
My new favourite word, thanks! | r/technology | comment | r/technology | 2024-04-06 |
Which, btw, is way overlooked as one of the most heinous things he's done...like Unsworth was key in the rescue effort, Musk was just clearly salty.
Also Unsworth lost the defamation lawsuit because Elon's camp argued that "pedo guy" was just a regular old South African saying... | r/technology | comment | r/technology | 2024-04-06 |
Musk is done. He oversold, underperformed, and lied. If a product has his face, I will reject the thing. X, Tesla, Neuralink, xAI, everything that has an X, including porn is trash. | r/technology | comment | r/technology | 2024-04-06 |
Felonious Musk! | r/technology | comment | r/technology | 2024-04-06 |
That and all the money they made together. | r/technology | comment | r/technology | 2024-04-06 |
He didn’t buy Twitter; he bought RESPECT! /s | r/technology | comment | r/technology | 2024-04-06 |
Tesla would be fine. Probably even better off. It’s a profitable company.
$TSLA would be in big trouble.
I’m not convinced one has that strong of a relationship to the other. | r/technology | comment | r/technology | 2024-04-06 |
Noone is surprised with a mouth like that. | r/technology | comment | r/technology | 2024-04-06 |
I think it's slightly different now. Millennials and even non rich older people have basically just given up on anything resembling sound financial ideas and are basically just trying to pump and dump everything and becoming bag holders. I think once traditional stores of value become impossible for the common person, they jump into a bunch of get rich quick stuff because they see no other way of pulling it off. | r/technology | comment | r/technology | 2024-04-06 |
Tesla could continue well into the future if they focused on their charging network. They have the largest network and recently all major ev manufacturers are making their vehicles compatible with Tesla's system. They make good profit off of the sale of electricity on top of having the US government give them money to build it as well. Too bad Elon fired all 500 members of the team. Leaving contractors no way to even contact someone about ongoing projects.[Source](https://www.nytimes.com/2024/04/30/business/tesla-layoffs-supercharger-team.html) | r/technology | comment | r/technology | 2024-04-06 |
The guarantees of a pension fund are a nice promise, but I'm skeptical of these magic retirement black boxes. Many seem to be practically ponzi-schemes once the curtains are pulled back. The 401k limits you to your own contributions plus a precise and measurable employer match, no magic payout based on some arbitrary rule like a percentage of your highest/last salary.
You are at the whim of markets with a 401k, but so are pension funds - at least the 401k doesn't hide this.
If most people got considerably less from 401ks, my first intuition would be that the pension funds were overpromising and unsustainable and a few generations of employees simply got lucky taking advantage of this. Most companies probably rushed to change because a pension is a massive long-term liability to run, compared to a 401k where the company is only responsible for a percentage payment while the subject is on payroll.
I realize now it would appear I am shilling very hard for 401ks, but this is more a rant about magic retirement black boxes. | r/technology | comment | r/technology | 2024-04-06 |
I feel extra sorry for the people that bought the cyber truck | r/technology | comment | r/technology | 2024-04-06 |
Just Tesla? How about Pelosi selling APPL a month before their $18B lawsuit went public? Or the several politicians who sold INTC in December ‘23. 60 days before the China chip ban was announced to the public.
Insider trading is what Washington DCc was built for | r/technology | comment | r/technology | 2024-04-06 |
He’s been lying about Tesla since 2006-7. Won’t even admit the government handouts *literally anyone can see* on their books. He’s using Tesla to pay for ads to convince shareholders to vote for his $55 BILLION pay package. Im excited to see his meltdown once he loses that vote | r/technology | comment | r/technology | 2024-04-06 |
Right. This calls for immediate action. An emergency meeting of the Peoples Front of Tesla! | r/technology | comment | r/technology | 2024-04-06 |
That is not true. It’s something that often has been reported, but it’s not true. If the deal fell through he had to pay at least a billion. Not just a billion. The billion dollar clause provided extra security for Twitter, but did not prevent Twitter from forcing Musk to buy the company.
Because Musk offered far too much, Twitter was not going to let him off the hook for a billion.
It’s not unlikely that Musk misunderstood the clause and did believe he could buy himself out of trouble, but Twitter’s lawyers did a good job. | r/technology | comment | r/technology | 2024-04-06 |
>South African buffon accused of insider trading.
He naturalized, so technically he's African American now... | r/technology | comment | r/technology | 2024-04-06 |
They just let you do it | r/technology | comment | r/technology | 2024-04-06 |
But electric vehicles are not any better for the environment than gas power, EVs are merely a luxury item that had a government tax credit | r/technology | comment | r/technology | 2024-04-06 |
Before chris got put on a paycheck to shitpost about him and bezos 30 times a day? | r/technology | comment | r/technology | 2024-04-06 |
The interesting question is where the fuck was the SEC in all this? Seems all their attention is caught up in crypto instead of enforcing regular markets. | r/technology | comment | r/technology | 2024-04-06 |
Poeple dont opose it. Corporation opose it and poeple repeat talking points they hear. | r/technology | comment | r/technology | 2024-04-06 |
Absolutely agree. I just know that banning it won’t stop all these corrupt assholes. | r/technology | comment | r/technology | 2024-04-06 |
Most executives of public companies only sell their company shares using an automated schedule that is setup months or years in advance to avoid being accused of insider trading. | r/technology | comment | r/technology | 2024-04-06 |
Calling the top 10% rich people is nonsense. You could maybe call the top 1% that, but realistically its top 0.1%
The average income of a top 10% is $167k which is definitely middle class in today's world. | r/technology | comment | r/technology | 2024-04-06 |
Didn't they lay off the entire supercharger team? | r/technology | comment | r/technology | 2024-04-06 |
There was two moments for me. The first, you just mentioned. But I hadn't been paying much attention and still thought he might be a smart dude.
His open call with his twitter devs was what killed that notion for me. The man doesn't know dick about fuck. | r/technology | comment | r/technology | 2024-04-06 |
Same! Really revealed him for being a proper fucking sociopathic narcissist. | r/technology | comment | r/technology | 2024-04-06 |
But of course, Elmo still wants his $50 billion salary, ‘cause he works hard. | r/technology | comment | r/technology | 2024-04-06 |
Holy shit, some people were calling this on reddit a few months back before it hit news. | r/technology | comment | r/technology | 2024-04-06 |
True, but people are generally selfish in their decision making. iPhones etc still sell great despite questionable manufacturing practices for example.
Elon will have put some customers off for sure, but a massive % of Tesla drivers (in the UK at least) have them as a company car and it’s just a tool for work they get to use of a weekend too. | r/technology | comment | r/technology | 2024-04-06 |
Well of course he’s the chairman of the fund and it just so happens that 95% of the funds costs go towards personnel costs. | r/technology | comment | r/technology | 2024-04-06 |
Nah man, it's just some guy, why would we give that kind of compensation to just some guy? 🤡 | r/technology | comment | r/technology | 2024-04-06 |
Thats true I suppose. | r/technology | comment | r/technology | 2024-04-06 |
I absolutely can't believe how Tesla went from "literally the future of the automotive industry" to "a fucking joke" in the span of like 5 years. And entirely because of Musk completely mishandling that company through what should have been a period of *massive* growth.
The pandemic raised Tesla stock to unimaginable heights and the only thing Musk did with that was ruin the company's reputation while turning Twitter into 4chan. | r/technology | comment | r/technology | 2024-04-06 |
Before you worry about that. You should look at congress | r/technology | comment | r/technology | 2024-04-06 |
Sounds like Musk haven’t hit Nancy Pelosi status yet. I have no problem with insider trading as long as our politicians are allowed to do it it should be open to everyone. | r/technology | comment | r/technology | 2024-04-06 |
>People on Reddit always disappoint
One of these days you'll realize that you constantly hear negativity about musk or tesla because there are a shitload of shorts still trapped by that limitless saudi money. There only play is to try to get the masses to reject his products. It kinda seems to be working with the younger folks. | r/technology | comment | r/technology | 2024-04-06 |
Strange question. People often refuse to purchase extremely expensive luxuries from sellers because the seller is an arsehole. It's a tale as old as time. | r/technology | comment | r/technology | 2024-04-06 |
I've met a fair few Americans who genuinely do oppose it, usually on the older or dumber side, but admittedly you do make a fair point. Even the ones I've met have probably been brainwashed by said corporations. It's a shame really. | r/technology | comment | r/technology | 2024-04-06 |
The Saudis are backing Tesla too. Thats the reason for its absurd valuation - because the saudis and their limitless money trapped the shorts. | r/technology | comment | r/technology | 2024-04-06 |
How a CEO of a company he owns can be not doing "insider trading"? 🙄 He knows everything about the financials of his company 🙄 | r/technology | comment | r/technology | 2024-04-06 |
>but he doesn't purposefully make bad decisions
Citation kinda needed.
Regardless, one of the biggest reasons for "insider trading" laws is to prevent insider sellers from screwing over outsider buyers. Because "selling" isn't a one-sided transaction...for every share that Musk sold (knowing full well the value was likely about to tank) there was an outside buyer who was buying it from him that didn't have access to the same information. | r/technology | comment | r/technology | 2024-04-06 |
Would be nice to see 10 year low on this stock. Unfortunately the stock market fucked Tesla up so bad it has to go long on it | r/technology | comment | r/technology | 2024-04-06 |
Better call nervous Nancy | r/technology | comment | r/technology | 2024-04-06 |
Truth is I would be much more willing to buy a Tesla if Musk wouldn’t personally benefit from it. There are other EVs. | r/technology | comment | r/technology | 2024-04-06 |
People will post on Reddit that busses and cars are cheaper than rail. I see it in regional subreddits daily.
These people are dumb as bricks but here we are. | r/technology | comment | r/technology | 2024-04-06 |
Because he is selling a product (his shares), when he knows the price he is selling at is not representative of its actual value. Its fraud, its also what a bunch of banks did during the housing crises with CDO's. The market can not function if that is allowed. Because now you are just openly having con men sell things to others when they know the value is crap.
Its just modern day snake oil. We send people to jail all the time for conning people like this with other products. | r/technology | comment | r/technology | 2024-04-06 |
It’ll be fine 😂 | r/technology | comment | r/technology | 2024-04-06 |
Why would you not just say Elon Musk? Why say Tesla CEO when every human on Earth knows who Elon is? (unfortunately). | r/technology | comment | r/technology | 2024-04-06 |
Cheeto Benito lol | r/technology | comment | r/technology | 2024-04-06 |
They’ve returned or never left | r/technology | comment | r/technology | 2024-04-06 |
It’s a shame he doesn’t fancy going to see the Titanic in a little submarine 🤷🏻♂️ | r/technology | comment | r/technology | 2024-04-06 |
you're listening to to many people on Reddit. there isn't some grand short conspiracy lol
It doesn't even make sense. So you go out there you purchase some disinformation campaign with the hopes of people not liking Elon Musk enough to go then short his stock and or never purchase a Tesla
Even if this was the case it's obviously not working. On top of that more than half of their sales come from not the United States. So while you're over here in your English speaking world there's a whole nother portion of the world you're not seeing | r/technology | comment | r/technology | 2024-04-06 |
https://wattsupwiththat.com/2013/12/21/the-tesla-battery-swap-is-the-hoax-of-the-year/
he was doing stuff like this over 10 years ago. as a person in the solar industry who has had to explain that he is full of crap about many things to people who don't know any better I have spent way too much energy on him and it happened a long time ago. | r/technology | comment | r/technology | 2024-04-06 |
Updoot for "disadulation" | r/technology | comment | r/technology | 2024-04-06 |
Who the God Elon did this? Are we sure? The is the image of perfection, honesty and kindness...he cannot such kind of things /s | r/technology | comment | r/technology | 2024-04-06 |
I am Jack’s complete lack of surprise. | r/technology | comment | r/technology | 2024-04-06 |
He couldn't pay 1 billion to get out of it. The 1 billion was a fine if he couldn't get funding to buy Twitter. | r/technology | comment | r/technology | 2024-04-06 |
This isn't illegal at all. You have to disclose months in advanced you are selling stock and file the paperwork with the sec. He did that all. This is just some bs article.
I say that all while thinking Elon is scum. | r/technology | comment | r/technology | 2024-04-06 |
This isn't illegal at all. You have to disclose months in advanced you are selling stock and file the paperwork with the sec. He did that all. This is just some bs article.
I say that all while thinking Elon is scum. | r/technology | comment | r/technology | 2024-04-06 |
Honestly I don't understand why you're allowed to own stock in a company you work for. If you can't sell it when you find out bad news. What's the difference knowing the company is working on something big that'll bring the stock up and selling afterward. It's the same thing.
Example being apple working on a new accessory to their phones. It's pretty much guaranteed their customers are all gonna buy it and stock will go up when the product is announced. So instead of selling before that announcement, you would obviously wait till later.
Thats also insider info. Is it legal to do that? | r/technology | comment | r/technology | 2024-04-06 |
No they are describing what happened. He disclosed months in advanced through sec filings. This is literally nothing | r/technology | comment | r/technology | 2024-04-06 |
lol, who on reddit is saying that besides me?
>you purchase some disinformation campaign with the hopes of people not liking Elon Musk enough to go then short his stock and or never purchase a Tesla
Yes, that is precisley what is happening. And it sure seems to be working, if you look at their earnings trends. | r/technology | comment | r/technology | 2024-04-06 |