>the tumbling today was because Twitter was artificially inflated and being held on the hopes of a deal
We're saying the same thing. Yes, the deal itself inflated the price. But, Musk announcing today that the deal was on hold pending proof of the fake account numbers contributed to the steep pull back. Musk did not have to make the announcement publicly, and he knew what would happen when he did.
Now, guess what happens to the price when he comes out next week and says the numbers he sought were proven to his satisfaction.
He's been playing a deal-on, deal-off game from the start and the stock has responded accordingly. He has a history of enjoying that market manipulation power, including on the crypto side.
He's been slapped for it by the SEC for his other companies, and has made no secret about his disdain for that fact.
>He's already proved himself
Insecurity is frequently not rooted in reality. Musk knows he's a smart guy, but the kind of insecurity I'm talking about may never be quenchable.
Fair point about the deal on deal off. I would have to say though, he probably wants the deal to go through but not at the current market prices. Whats the quote - 'all's fair in love and war'?
True about security. Maybe that insecurity is the force that has driven him to actually achieve what he has accomplished. Sometimes your greatest asset can be your largest liability. Let's hope it stays on the asset side - for all of our sakes.
True. Could very well be that insecurity has driven him. That's probably fairly common. For instance, imposter syndrome is a very real thing and I know that my fight against it has propelled me.
The problem, of course, is that it can also create toxicity. And, Musk being a very powerful man can make that a dangerous thing. I think that's what you're alluding to.
My biggest concern is his apparent belief that his power and "contributions to society" mean he should be beyond accountability or should be able to decide which rules apply to him. That's the stuff of dystopian future sci-fi.
In fact, it concerns me when people believe they should be able to unilaterally decide what rules apply to anyone.
Agree - absolute power corrupts absolutely. Everyone is accountable and no one is above reproach. He probably is living on a huge power surge right now which might make him feel invincible (as power does) - it would be a classic time to make a misstep.
Hope his ego comes back to earth and he can keep executing. Will keep watching.
I agree with the overall sentiment of your comment in principle, but I'm actually not rooting for Musk to keep executing. I've seen enough of him to be deeply concerned about what he'd do with even more power.
We're saying the same thing. Yes, the deal itself inflated the price. But, Musk announcing today that the deal was on hold pending proof of the fake account numbers contributed to the steep pull back. Musk did not have to make the announcement publicly, and he knew what would happen when he did.
Now, guess what happens to the price when he comes out next week and says the numbers he sought were proven to his satisfaction.
He's been playing a deal-on, deal-off game from the start and the stock has responded accordingly. He has a history of enjoying that market manipulation power, including on the crypto side.
He's been slapped for it by the SEC for his other companies, and has made no secret about his disdain for that fact.
>He's already proved himself
Insecurity is frequently not rooted in reality. Musk knows he's a smart guy, but the kind of insecurity I'm talking about may never be quenchable.