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Musk tells jury 'people read too much' into his posts

Multi-billionaire technology tycoon Elon Musk told a jury in California on Wednesday that stock market investors read too much into his social media posts.

He was defending himself against claims from investors, who have accused him of trying to manipulate markets with a series of misleading messages in the run-up to his 2022 purchase of Twitter.

Musk said posts he wrote after he had struck a deal to buy the platform were "extremely literal" and not intended to try to reduce the price he would have to pay.

"I was simply speaking my mind," he said when asked if he had considered the impact of his posts, including one in which he declared his takeover plans on hold.

Musk tells jury 'people read too much' into his postshttps://www.bbc.com/news/articles/c7433dz4ykwoOpen linkView original on sh.itjust.works
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42 replies

How dare people read what I write and attribute motivations and intentions to my publically outspoken opinions and positions

110

buys entire social media platform

directs developers to boost his posts

exclusively posts deliberately manipulating and inflammatory content

“Don’t read so much in to it!” 🤡

97
mos
lemmy.world

It’s odd how the article describes the richest person on the planet, who is almost worth a trillion dollars, as a multi billionaire.

Also what the fuck who needs a trillion dollars.

36

I can't think of a reason anyone should be able to have even a billion dollars. Long before you get to that point, you are just playing numbers games to the detriment of everyone else participating in the economy.

How a wealth limit could ever be enacted practically is another matter, but I would support trying to solve it.

18

Oh wow.

Watch the claims of Autism come back (I believe he’s hinting at this by claiming he was being ‘extremely literal’), he’s tried the clownish ‘but gaiz, I was joking you shouldn’t take me so seriously’ bs we all remember from ‘edgelords’ online.

This is like tech bro’s prayer; it’s the Narcissist’s Prayer but with a ‘no one gets me’ smirk.

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lemmy.ca

Musk tries so hard to be clever and debonair in his posts and usually comes off looking like a middle-school goof.

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lemmy.world

He wishes people would compare him to JP. JP actually made things.

2
lemmy.world

So that’s why I haven’t seen any recent photos of him, he looks like a husk now.

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lemmy.ca

Ketamine, botched penis, children who hate him, DOGE fail, SpaceX fail, Tesla cut in half, Epstein, 2025 was a busy year.

He might have paper wealth, but this is a person who is leading a miserable life now on rapid decline and we all know it will not end well for him.

1

It's a comfort, however small, to know that despite his extreme wealth, he's utterly miserable, and physically deteriorating before our eyes.

1
discuss.tchncs.de

Maybe he shouldn't have forced every single tweet of him to every account on his social media website then. Even the ones who actively blocked him still got his tweets.

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piefed.social

isn't this about him buying the social media website. so like before he owned it?

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lemmy.world

It is. People are dumb though and don't read beyond the headline to be aware of whats actually going on.

2

Why are people posting year old articles then? That happened like 3 years ago.

Sorry for looking at it through a up-to-date point of view.

1

At a point where you're still on Twitter... You have some sort of punishment kink.

4

Multi-billionaire technology tycoon Elon Musk told a jury in California on Wednesday that stock market investors read too much into his social media posts.

That's because investors expect to take you seriously when you're handling their MONEY. If you're going act like an illiterate douche-canoe, like Poochie from "The Simpsons" then expect investors to be concerned.

13

"Officer, you're reading too much to the speed I was going. It wasn't even on my mind, I was simply pushing the gas pedal."

12

People like him disavow how much influence he has, willfully or not. Musk is the worst at it. He doesn't realize, or refuses to realize, how much his edgy tweets mean.

They wall want power but not the responsibility that comes with it.

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IronBirdreply
lemmy.world

he 100% knows what he's doing, he just doesn't believe words have meaning

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lemmy.world

Maybe if the shit you say doesn't really matter, don't post it publicly to the world.

Not a great argument.

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Almaccareply
aussie.zone

44 billion. 4 billion dollars is not a rounding error.

1

I think realistically he paid less than 40 billion since the saudis and others helped fund the buyout.

1

You're reading too much into my nazi salutes!

You're reading too much into all the promises I made to investors and clients which I then dropped

You're reading too much into what I'm saying because every single word coming out of my mouth is a lie

11

Surprised a motion wasn’t filed to have the case tried on Mars, ya know…where it would be a jury of his peers — Aliens that wouldn’t be prejudiced towards him (we think…?).

He would provide travel, but needs to get back to work on the flying thing.

7

He's right, though. Every time I read his tweets, all I see is "stupid nazi".

5

I wonder if the opposition has tried to sneak a picture of him doing a literal Nazi salute into their case. Relevance would be his lack of character.

4

So maybe you should ....I don't know.... pay media more to manipulate us in right direction

3

You reached the end