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How Elon’s bizarre Twitter takeover saga could have just been a cover for him to sell $8.5 billion in Tesla stock

How Elon’s bizarre Twitter takeover saga could have just been a cover for him to sell $8.5 billion in Tesla stock

Elon Musk on Friday announced he was backing out of his $44 billion Twitter acquisition bid, blaming the social media platform’s alleged lack of transparency regarding bots on the site. As both sides prepare for a lengthy court battle, some Twitter influencers are floating an alternate theory for the change of heart: The bots were never the problem, merely a vehicle through which to covertly sell Tesla options that were about to expire. “Entire thing was a clever ruse to SELL + LIQUIDATE $8.5… Source link

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