posted on May, 2 2020 @ 07:35 AM
a reply to: gortex
Many among the New Rich - self made etc fall prey to the dealers that like to sell all manner of recreational
substances for them to imbibe,
likely this tweet was made under the influence of just such a substance.
Either way he has knocked billions off his own wealth and that of other investors with one very badly judged tweet that to be quite frank taken as it
is without context seem's a little insane in it's content, that said if he really meant to help the poor, sell all his stuff etc then good on him,
feel sorry for his investors though.
BUT he may be playing a trump card here, crash the share price and buy back up for less than he sold before making the share price jump again with a
new announcement, some new technology, car or other such gizmo.
Running a business into the ground to buy it up cheap is one of the oldest trick's in the book, remember the former head of Commodore computers when
it was the big cheese back in the 80's and early 90's, he drove Atari down into the ground through aggressive pricing and dirty trick's as well as
commodores product being better BUT then he deliberately released the Amiga over priced to a consumer market were too few could afford it great though
it was, sold his shares in Commodore, bought Atari cheap, quit his old role and took over the running of Atari before releasing what to all intent's
and purposes was a cut down Amiga called the Atari ST at a far more affordable price and dominating that sector of the home computing market for a
couple of years precipitating the demise of his old company Commodore whom never quite recovered - as if he still had tentacles in there running,
canny as he was that old geezer then sold out before Atari in it's turn crashed.
Now that was the long way around, IF this is what Musk is doing being a child of the social media age then he is being even more clever but had
better be careful in case he goes too far one day.
edit on 2-5-2020 by LABTECH767 because: (no reason given)