04-26-2022, 03:24 AM
Musk owned around 5.2% worth of shares and then improved his holding to around 9% which spiked the share price straight after by around 25%, nice little earner for Elon. However the securities commission required disclosure of his initial holding which he failed to do within the 10 day time frame and one irate shareholder is taking legal action on behalf of other shareholders given Musk saved 143 million dollars. Hard to comprehend Musk has 87 million followers on twitter, he said he wants to promote free speech with few restrictions and no doubt will use it to push his own ideas to the world and make some more money.
He took a margin loan to part bankroll the deal and of course in the USA you can deduct investment interest expense up to the amount of your net taxable investment income, Elon aint no twit if you pardon the pun...
Elons definition of free speech is " Is someone you don’t like allowed to say something you don’t like"?.. If that is the case, then we have free speech’.”
He took a margin loan to part bankroll the deal and of course in the USA you can deduct investment interest expense up to the amount of your net taxable investment income, Elon aint no twit if you pardon the pun...
Elons definition of free speech is " Is someone you don’t like allowed to say something you don’t like"?.. If that is the case, then we have free speech’.”