Elon Musk does fucking insider trading for the whole world to see, again.

submitted by EternalSunset from coindesk.com

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[–]package 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

If you consider this insider trading, then would it not also be insider trading for Musk to simply announce such a change to be occurring at some point in the future, or even just mention crypto at all in any way?

[–]EternalSunset[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

🧔 - yes

For real though, why do you people suck this dude's cock so hard? He is obviously, patently and transparently abusing a financial market in the sleaziest way possible for his own selfish gain. There is absolutely 0 difference between you Musk worshippers and people who defend Nanci Pelosi.

[–]package 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

I am not an elon musk worshipper I genuinely do not understand where you're drawing the line between actual insider trading and an influential person even just acknowledging that crypto or any other stock exists

[–]EternalSunset[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Step 1. Buy boatloads of some irrelevant meme crypto.
Step 2. Shill and hype for it using Twitter.
Step 3. Cash out at a profit.

Here's a more detailed explanation:
https://i.imgur.com/KlnP0F3.png

If you still don't understand the scheme he is playing, then I'm sorry but I give up.