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@Gargron

Interesting though that the Twitter share in response apparently surged up almost 10%, isn't it? Either shareholders thinking that a big marketing person has just entered the board of directors, or believing that lots other people will now want to buy Twitter shares.

Anyway, I am by all means suprised....

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@christian_zerfass @Gargron You are giving the Musk cult too much credit. A lot of the spike was simply Tesla fanboys doing what they do, mindlessly following the leader.

@chrisod @Gargron

Fair enough. But that's what I mean: some people may believe he will be an attraction himself. You may like him or not - for current shareholders there is now an opportunity to sell with a 10% upper valuation. Even - and particularly - if they don't believe in Musk either ;-)

@christian_zerfass @Gargron Agreed! If I owned any Twitter outright I would have dumped it on the spike yesterday.

@christian_zerfass @Gargron it's as if "platform stockholders' interests" and "platform users' interests" were largely not aligned. :thinksphere:

@christian_zerfass @Gargron If you buy a lot of shares that means you need to buy them from someone, which means you need to pay their spread, which means the market price goes up. This is how the stock market normally works.

@clacke @Gargron

Musks purchase however preceded the surge. Thus his buy order itself was not causing the market movement, but the announcement afterwards.

The purchase was reported (thus had been already completed and was now filed) on the 4th April
edition.cnn.com/2022/04/04/inv

The surge happened exactly after this reporting was published (screenshot attached, taken from ensuing link, right the Mon 4th April surge)
money.cnn.com/quote/quote.html

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