The Briefing Room
General Category => Economy/Business => Topic started by: Elderberry on January 31, 2021, 07:14:38 pm
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New York Times by David Gelles 1/29/2021
The billionaire has inserted himself into the confounding stock market drama and solidified his role as the ultimate insider outsider.
Just weeks before Elon Musk became the richest person in the world thanks to the soaring value of Tesla shares, the eccentric billionaire reflected on the fickle nature of the public markets.
“The stock market is a strange thing,†Mr. Musk said in an interview with Business Insider in December. “It’s like having a manic depressive who’s constantly telling you how much your company’s worth. And sometimes they have a good day, and sometimes they have a bad day, but the company is basically the same. The public markets are crazy.â€
A month later, Mr. Musk has inserted himself into one of the most confounding stock market dramas in years — the multibillion-dollar battle over GameStop being waged between elite hedge funds and retail investors communicating on Reddit.
On Tuesday, as GameStop shares skyrocketed, Mr. Musk weighed in with a one-word tweet — “Gamestonk!!†— and a link to the Reddit forum where much of the discussion has unfolded. Mr. Musk’s message was seen as an endorsement of sorts from one of the most powerful figures on the web, and in the days that followed, investors bid up the price of GameStop to new highs.
More: https://www.nytimes.com/2021/01/29/business/elon-musk-gamestop-twitter.html (https://www.nytimes.com/2021/01/29/business/elon-musk-gamestop-twitter.html)
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Have also seen 3 anti-Musk op-eds in fiancial articles this weekend alone. He better buckle up because power cartel of Liberal Government/Swamp, MSM, and Big Tech has turned on him like a vicious jackal.
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The billionaire has inserted himself into the confounding stock market drama and solidified his role as the ultimate insider outsider.
The hedge funders have shorted Tesla stock several times in the last decade. And each time they did so, they got burnt. So it is only natural that Musk would be siding with the Reddit Retards and Autists.
Coincidentally, Musk's decision is likely why the Justice Department has opened up a new investigation (https://www.cnbc.com/2021/01/28/doj-investigating-spacex-after-hiring-discrimination-complaint-.html) against him. The Biden coup has chosen to back the hedge fund billionaires.
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The hedge funders have shorted Tesla stock several times in the last decade. And each time they did so, they got burnt. So it is only natural that Musk would be siding with the Reddit Retards and Autists.
Coincidentally, Musk's decision is likely why the Justice Department has opened up a new investigation (https://www.cnbc.com/2021/01/28/doj-investigating-spacex-after-hiring-discrimination-complaint-.html) against him. The Biden coup has chosen to back the hedge fund billionaires.
I would not be surprised to find that the GameStop fiasco, and his part in it, is why the FAA decided to kill SpaceX. Make no mistake, there was no honest reason for the FAA to halt the testing of Starship last week. If Biteme's FAA has any say in the matter, SpaceX will not fly any more rockets.