Elon Is Trying to Manipulate Stock Prices. Again.

Elon Musk has screwed with the SEC before, when he tried to manipulate Tesla stock prices in 2018. 

He's doing it again. He's putting his Twitter acquisition "on hold" while he investigates Twitter's claim that less than 5% of Twitter subscribers are fake accounts or spam bots.

Seriously? He just wants to drive the stock price down before he has to fork over the cash.

I would say that close to 50% of Twitter accounts are fake or spam bots. I have two Twitter accounts, created to reserve the name so someone else can't use them, and never use either of them. Why would I? Twitter is a vast wasteland of trolls and liars. It's a place where truth and honor go to die.

I mean, there are hundreds of companies that make their living by creating fake followers for celebrities who want to artificially inflate their subscriber numbers.

And Musk doesn't need to "investigate" anything. Everyone knows this is the case. It's an open secret. The Twitter "hold" is just another Elon scam, like his interest in Bitcoin.

Twitter could be a place where people communicate freely and openly, but it's just a wasteland where harassment is the order of the day.

I would like to be a fan of Musk because he's doing things that I think are important: space travel and electric cars. Yet he has managed to do them in the worst possible way. 

He charges gullible Tesla customers thousands of dollars to access the car's autonomous driving system, which doesn't work and has killed a number of customers who were stupid enough to believe Musk's fable.

His cars can't recognize emergency vehicles parked on the freeway, or the median, or big trucks crossing the road in front of them. He had his engineers put out a software update that lets drivers play games on the console in the car.

During the height of the pandemic keeping the line open was more important to him than the lives of his employees.

He hasn't as many mistakes with SpaceX because if he kills someone in space, that's the end of the company. But he's destroying Boca Chica, the town in Texas near his launch site. Every time there's a launch people have to leave their homes, for fear of a rocket landing on them. Leave it to Texas to let a narcissistic billionaire build his launch pad in a small town's backyard.

He's selling the fantasy that we need to colonize Mars because Earth is a lost cause. The thing is, even if we nuked the Earth, it'll still be more inhabitable than Mars will ever be.

Musk doesn't care about anyone else. He just does whatever he wants and runs down anyone in his way.

The rich are different. They're psychopaths.