breaking news Elon Musk and Jeff Bezos have an unhealthy Twitter habit. John Naughton - Business News lastminute news

Why do billionaires tweet? Is it because they no longer have to earn a living? Or because they are bored? Or because they spend a lot of time in the smallest

breaking news Elon Musk and Jeff Bezos have an unhealthy Twitter habit. John Naughton - Business News lastminute news

Why do billionaires tweet? Is it because they no longer have to earn a living? Or because they are bored? Or because they spend a lot of time in the smallest

21 Mayıs 2022 - 19:00

Why do billionaires tweet? Is it because they no longer have to earn a living? Or because they are bored? Or because they spend a lot of time in the smallest room in the mansion? Elon Musk, for example, currently has the world’s richest fruitcake said that “at least 50% of my tweets were made on a porcelain throne”, saying that “it comforts me”. This revelation prompted astrophysicist Neil deGrasse Tyson to make some calculations, which conclusion That shows, from more than 8,000 tweets over 12.5 years, that Musk “pops” twice a day on average. (I make it to 1.75 a day, but that’s just bizarre.)

So why does Musk tweet so much? One explanation is that he just can’t help himself. Eventually, he revealed that he has Asperger’s. “Look, I know I say or post weird things sometimes,” he said saturday night live, “But that’s how my brain works”. understood. This may also be a partial explanation of his commercial success, as his mastery of SpaceX and Tesla suggests not only high intelligence, but also his ability to focus intensely on highly complex problems without being distracted by other ideas.

However, there are deeper explanations – shared, it seems, by the US Securities and Exchange Commission – that some of his tweets are not involuntary, but aimed at manipulating the stock markets. Exhibit A: His announcement on April 4 that he had acquired a 9.2% stake in Twitter sent his shares upward – from $39.31 to $49.97 – meaning that the value of his holdings ranged from $2.9bn to $3.5bn. bn, giving him an imaginary profit. $600m in a single day. Nice job if you can get it, right?

Exhibit B: On April 26, he agrees to buy the company whose shares were trading that day at $49.68, for $54.20 per share, prompting Wall Street to conclude that it is too high. was paying. Then (Exhibit C), on May 13, he announced that he was “pausing” his bid pending an investigation into Twitter’s conjecture of the proliferation of spambots on the platform – and the stock price falling, in line with Wall Street’s approach to overvaluation. confirms, but also suggests Musk is trying to find a way out of what is now starting to look like a silly deal. And if that proves impossible for legal reasons, stand up for a torrent of tweets portraying yourself as the victim.

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