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A comment on Elon Musk makes $43B unsolicited bid to take Twitter private. Parent comment

Re:Elon Musk makes $43B unsolicited bid to take Twitter private by renewiltord on Thursday April 14, 2022 @03:11PM (#31031878)
If you have no intention to actually follow through and it's a false promise, that's a pump-and-dump. It's securities fraud, but it's not insider trading.

If you have an intention to actually buy and make a good faith effort and fail, that's just business.

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Re:Elon Musk makes $43B unsolicited bid to take Twitter private by eatsyourtacos on Thursday April 14, 2022 @03:17PM (#31031957)
Market manipulation is what I meant instead of insider trading. My point was: illegal.
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Re:Elon Musk makes $43B unsolicited bid to take Twitter private by tacitusarc on Thursday April 14, 2022 @03:39PM (#31032249)
Depends on intentions. The fact that he hired Morgan Stanley to facilitate the privatization process indicates genuine intent.
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Re:Elon Musk makes $43B unsolicited bid to take Twitter private by thehappypm on Thursday April 14, 2022 @11:34PM (#31036395)
Ehhh any large play could be considered market manipulation. JetBlue recently offered to buy Spirit, but there’s no 2000+ comment thread on that.
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