Elon Musk misled Twitter investors, jury finds(bbc.co.uk)
bbc.co.uk
Elon Musk misled Twitter investors, jury finds
https://www.bbc.co.uk/news/articles/c62j3yl842eo
3 comments
I'm conflicted about this - on the one hand investors shouldn't be entitled to making a profit if they make unlucky decisions, but on the other hand manipulating the market to save/make money is illegal for a reason.
You are assuming that financial markets are fair and transparent. They're not as everyone is seeing in, for example, private credit asset valuations. The value extracted when securities fraud and market manipulation take place is millions of times bigger than other kinds of property crime. This is just a civil case, but there oughta be a criminal case with penalties proportionate to the value stolen.
Teflon begone