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ctiger12 t1_issmb5r wrote

Isn’t he manipulating the stock price so he can profit from that? When you have enough money, that’s the way to get more, he did that many times already.

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Wise_Mongoose_3930 t1_isso7zo wrote

Seems extremely obvious to me yea

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WaterAndMemes t1_ist160g wrote

Then explain it to the rest of us: how does "manipulating" a stock price work after he stated a specific share price he would buy at?

The stock price goes up...and maybe in 6 months he could sell? Even though there's no reason for him to do that and pay capital gains tax.

Or the stock price goes down...and what? He's still buying at the original price.

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Spillz-2011 t1_ist0jcs wrote

As far as we know he never profited of his market manipulation of twitter except for in not properly disclosing when he acquired a 5% share in the company.

However, his friends might have if they knew in advance of any of his statements.

I believe that market manipulation is still illegal even if you don’t profit.

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