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Re:Institutions try to preserve the problem to which they ar... by shermantanktop on Saturday February 24, 2024 @10:54PM (#39497452)
Single-handedly taking your stock from 70 down to 30 is not something you can do if you can’t afford it. It’s bumped back to 53 or whatever, and lots of external stuff has happened too…but I think it’s hard to deny that his actions caused a massive dive in the stock price.

Anyway, my point was that Musk, Bezos, Gates, etc. can afford to act freely in ways (constructive or destructive) that violate all the behaviors that economics textbooks posit as being universal.

Re:Institutions try to preserve the problem to which they ar... by kelnos on Sunday February 25, 2024 @01:56AM (#39498325)
I'm confused; what stock are you referring to? Twitter doesn't publicly trade anymore, and has no stock price.
Re:Institutions try to preserve the problem to which they ar... by shermantanktop on Sunday February 25, 2024 @03:07AM (#39498675)
You are correct.