Multi-billionaire technology tycoon Elon Musk told a jury in California on Wednesday that stock market investors read too much into his social media posts.
He was defending himself against claims from investors, who have accused him of trying to manipulate markets with a series of misleading messages in the run-up to his 2022 purchase of Twitter.
Musk said posts he wrote after he had struck a deal to buy the platform were "extremely literal" and not intended to try to reduce the price he would have to pay.
"I was simply speaking my mind," he said when asked if he had considered the impact of his posts, including one in which he declared his takeover plans on hold.
42 Comments
ImgurRefugee114@reddthat.com · 110 pts · 178d
How dare people read what I write and attribute motivations and intentions to my publically outspoken opinions and positions
wuffah@lemmy.world · 97 pts · 178d
buys entire social media platform
directs developers to boost his posts
exclusively posts deliberately manipulating and inflammatory content
“Don’t read so much in to it!” 🤡
Borger@lemmy.blahaj.zone · 44 pts · 178d
Coming from Mr. Market Manipulation lmao.
mos@lemmy.world · 36 pts · 178d
It’s odd how the article describes the richest person on the planet, who is almost worth a trillion dollars, as a multi billionaire.
Also what the fuck who needs a trillion dollars.
MagicShel@lemmy.zip · 18 pts · 178d
I can't think of a reason anyone should be able to have even a billion dollars. Long before you get to that point, you are just playing numbers games to the detriment of everyone else participating in the economy.
How a wealth limit could ever be enacted practically is another matter, but I would support trying to solve it.
notwhoyouthink@lemmy.zip · 26 pts · 178d
Oh wow.
Watch the claims of Autism come back (I believe he’s hinting at this by claiming he was being ‘extremely literal’), he’s tried the clownish ‘but gaiz, I was joking you shouldn’t take me so seriously’ bs we all remember from ‘edgelords’ online.
This is like tech bro’s prayer; it’s the Narcissist’s Prayer but with a ‘no one gets me’ smirk.
melsaskca@lemmy.ca · 24 pts · 178d
Musk tries so hard to be clever and debonair in his posts and usually comes off looking like a middle-school goof.
village604@adultswim.fan · 6 pts · 178d
He's JP from Grandma's Boy.
Widdershins@lemmy.world · 2 pts · 177d
He wishes people would compare him to JP. JP actually made things.
village604@adultswim.fan · 2 pts · 176d
That's true. He's larping as JP.
etherphon@piefed.world · 2 pts · 178d
aeronmelon@lemmy.world · 16 pts · 178d
So that’s why I haven’t seen any recent photos of him, he looks like a husk now.
abbadon420@sh.itjust.works · 10 pts · 178d
A musk husk. Lol
NutWrench@lemmy.ml · 3 pts · 178d
An ELON husk!
SaveTheTuaHawk@lemmy.ca · 1 pts · 177d
Ketamine, botched penis, children who hate him, DOGE fail, SpaceX fail, Tesla cut in half, Epstein, 2025 was a busy year.
He might have paper wealth, but this is a person who is leading a miserable life now on rapid decline and we all know it will not end well for him.
Honytawk@feddit.nl · 1 pts · 177d
Musk is so poor.
The only thing he has is money.
Almacca@aussie.zone · 1 pts · 177d
It's a comfort, however small, to know that despite his extreme wealth, he's utterly miserable, and physically deteriorating before our eyes.
Honytawk@discuss.tchncs.de · 15 pts · 178d
Maybe he shouldn't have forced every single tweet of him to every account on his social media website then. Even the ones who actively blocked him still got his tweets.
HubertManne@piefed.social · 5 pts · 178d
isn't this about him buying the social media website. so like before he owned it?
I_Has_A_Hat@lemmy.world · 2 pts · 178d
It is. People are dumb though and don't read beyond the headline to be aware of whats actually going on.
SaveTheTuaHawk@lemmy.ca · 1 pts · 177d
No one reads the articles.
Honytawk@feddit.nl · 1 pts · 177d
Why are people posting year old articles then? That happened like 3 years ago.
Sorry for looking at it through a up-to-date point of view.
Paddzr@lemmy.world · 4 pts · 177d
At a point where you're still on Twitter... You have some sort of punishment kink.
SaveTheTuaHawk@lemmy.ca · 2 pts · 177d
And he rails on about white supremacy over 80 times in some months.
ameancow@lemmy.world · 15 pts · 178d
NutWrench@lemmy.ml · 13 pts · 178d
Multi-billionaire technology tycoon Elon Musk told a jury in California on Wednesday that stock market investors read too much into his social media posts.
That's because investors expect to take you seriously when you're handling their MONEY. If you're going act like an illiterate douche-canoe, like Poochie from "The Simpsons" then expect investors to be concerned.
Almacca@aussie.zone · 13 pts · 177d
Maybe you should shut the fuck up then, Elon.
SaveTheTuaHawk@lemmy.ca · 12 pts · 178d
ahhh...he pulled a Fox-Carlson and Twitter is just entertainment.
teawrecks@sopuli.xyz · 12 pts · 177d
"Officer, you're reading too much to the speed I was going. It wasn't even on my mind, I was simply pushing the gas pedal."
Cocodapuf@lemmy.world · 11 pts · 178d
Maybe if the shit you say doesn't really matter, don't post it publicly to the world.
Not a great argument.
tacosanonymous@mander.xyz · 5 pts · 178d
He has the nuance of the racist uncle you loathe seeing at Thanksgiving.
Fedizen@lemmy.world · 11 pts · 178d
"I paid 40 billion as a joke, bro"
Almacca@aussie.zone · 1 pts · 177d
44 billion. 4 billion dollars is not a rounding error.
Fedizen@lemmy.world · 1 pts · 173d
I think realistically he paid less than 40 billion since the saudis and others helped fund the buyout.
BiteSizedZeitGeist@lemmy.world · 11 pts · 177d
People like him disavow how much influence he has, willfully or not. Musk is the worst at it. He doesn't realize, or refuses to realize, how much his edgy tweets mean.
They wall want power but not the responsibility that comes with it.
IronBird@lemmy.world · 7 pts · 177d
he 100% knows what he's doing, he just doesn't believe words have meaning
Gathorall@lemmy.world · 2 pts · 177d
Or that they bring responsibility.
https://www.bbc.com/news/world-us-canada-50695593
And he has been right so far, rich people actually seem to have an absolute freedom of speech.
phoenixz@lemmy.ca · 11 pts · 177d
DarkFuture@lemmy.world · 7 pts · 177d
His posts are short and stupid. There's not much to read into.
santa@sh.itjust.works · 7 pts · 178d
Surprised a motion wasn’t filed to have the case tried on Mars, ya know…where it would be a jury of his peers — Aliens that wouldn’t be prejudiced towards him (we think…?).
He would provide travel, but needs to get back to work on the flying thing.
Draegur@lemmy.zip · 6 pts · 177d
The rich really want us to be illiterate.
Lemminary@lemmy.world · 5 pts · 177d
He's right, though. Every time I read his tweets, all I see is "stupid nazi".
collapse_already@lemmy.ml · 4 pts · 177d
I wonder if the opposition has tried to sneak a picture of him doing a literal Nazi salute into their case. Relevance would be his lack of character.
innkeeper@lemmy.world · 3 pts · 177d
So maybe you should ....I don't know.... pay media more to manipulate us in right direction