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Comment by memish | Hacker News Reader

As a shareholder and end user of the product, I agree.

you want to cash out with a 20% bump and be out of the stock during a huge tech equity downturn when the stock was over 60% higher last year?

Elon said he'd keep as many shareholders as he's legally allowed to.

What does it mean to keep shareholders in a private company. Isn't there a limit of 2,000 or so?

"Elon said" is not a stamp of trust anymore. Elon also said TSLA would accept Dogecoin, which he had accumulated prior to communicating it. Then he sold it off.

History should be a lesson here, it's almost Deja Vu with Twitter

Reminds me of Erlich Bachman in Silicon Valley saying "I say a lot of things".

https://youtu.be/XM7_eqtljUg

Sure thing you can buy stuff from Tesla with Dogecoin.

https://www.tesla.com/support/dogecoin

Tesla does accept Dogecoin for some items

https://shop.tesla.com/product/s3xy-mug

Lol, literally two. A mug and a “cyberwhistle”.

And also that tesla was going private at $420 a share.

His twitter offer is suspiciously $50 + 420 cents

If you watch and believe his TED interview from the last couple days, there was much more going on there than meets the eye.

He also said Tesla would have FSD better than humans within a year. Frankly, I don't believe him.

Poe's law in action.

A 20% bump with zero risk? Yes please!

Even if you think Twitter stock will go up 20% next year, you'd want to take this offer. If you think it will go up 50% next year, you might still take the offer because of the risk:reward ratio.

I think last year was some serious bubbliciousness, not the true value of Twitter and all the other tech companies (and shitcoins and NFTs and basically everything else people were throwing money at)

The big reason it tanked was privacy regulations from Apple/Android. That's not changing to favor Twitter and effectively took away one of their biggest revenue streams. That's a big deal for a perennially non-profitable company.

Sure, you take that 20% bump and invest it in Google. Then you get 20% plus the tech equity recovery.

Rookie mistake: the fact that a stock was once higher is no indication whatsoever that is "worth" that much. That was then, now is now.

It has meaning primarily insofar as other people think that it might have meaning.

Technical Analysis is madness, but there is method to it.

Yeah, I don't know much about TA, but I think it probably works better for well-established cyclical stocks, not for growth (or lack thereof) stocks like TWTR.

It's funny how many people think that means it'll go back up. Twitter's stock has been sideways or down most of the time. It was $69 back in 2014.

That's your typical small shareholder in a nutshell.

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