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Re:Twitter Deal Temporarily on Hold by dragontamer on Friday May 13, 2022 @08:26AM (#31366649)
He sold at the peak, near $900.

Given that the stock is near $700 right now, it's looking like a good deal.

Re:Twitter Deal Temporarily on Hold by f0xJtpvHYTVQ88B on Friday May 13, 2022 @10:09AM (#31367845)
He sold billions last year without the excuse of buying Twitter.
Re:Twitter Deal Temporarily on Hold by cronix on Friday May 13, 2022 @11:00AM (#31368545)
Yeah, he had to pay an 11 BILLION dollar tax bill to California and the IRS, for stock options issued in 2012. It was reported as the largest federal tax bill in history.

https://www.forbes.com/sites/elizahaverstock/2021/12/15/elon...

Re:Twitter Deal Temporarily on Hold by dragontamer on Friday May 13, 2022 @10:37AM (#31368230)
He needs an excuse to get people buying his stock, to support the stock price as he sells.

Back then it was a Twitter poll to sell shares IIRC. Musk makes a big deal out of everything to lead his followers around

Re:Twitter Deal Temporarily on Hold by sidibe on Friday May 13, 2022 @10:48AM (#31368386)
That was to pay his taxes supposedly, so he still had an excuse. People might worry if he's just diversifying for its own sake
Re:Twitter Deal Temporarily on Hold by f0xJtpvHYTVQ88B on Friday May 13, 2022 @12:57PM (#31370003)
If he didn't sell the stocks then he wouldn't have to pay any tax on unrealized gains. According to him, he sold the stocks so they he would pay taxes in response to criticism of not paying his "fair share" in taxes.
Re:Twitter Deal Temporarily on Hold by dragontamer on Friday May 13, 2022 @01:11PM (#31370184)
Wrong.

Musk's stock options became fully vested and matured. That forced a tax event on him last year.

Re:Twitter Deal Temporarily on Hold by jquery on Sunday May 15, 2022 @01:07PM (#31388966)
If this is true, he’s absolutely a pathological liar.
Re:Twitter Deal Temporarily on Hold by outworlder on Friday May 13, 2022 @04:51PM (#31372422)
Yeah. He lied. Again.