He bought twitter because he was trying to do a pump and dump with the stock. Then the SEC said we warned you once you better be serious this time. He decided buying twitter for a massive premium was better then possible prison time.
He bought twitter because he was trying to do a pump and dump with the stock.
Maybe, but the fact of Saudi and Russian backing of his takeover and his turning twitting into (more of) a nazi propaganda shithole suggests that was the main purpose behind the acquisition - especially when the cost was an absolutely trivial fraction of his overall wealth.
He bought twitter because he was trying to do a pump and dump with the stock. Then the SEC said we warned you once you better be serious this time. He decided buying twitter for a massive premium was better then possible prison time.
Maybe, but the fact of Saudi and Russian backing of his takeover and his turning twitting into (more of) a nazi propaganda shithole suggests that was the main purpose behind the acquisition - especially when the cost was an absolutely trivial fraction of his overall wealth.