The world’s richest man, the kind of guy who can throw away tens of millions of social influence campaigns boosting Johnny Depp and kicking Amber Heard while she is down, knows exactly what he is doing with Twitter.
Here is former Peter Thiel employee, former New Knowledge/Yonder employee and perhaps not really former of either, good friend of Louise Mensch, Renee DiResta implying that Musk haphazardly does the things he does as if on whim. Elon Musk is clinically on the spectrum, so unfiltered impulsivity is generally implied. That being said, Musk exhibits full control of his impulses and is highly intelligent knowing how, when and why he should say certain things from a behavioral standpoint. Trust that he knows exactly what he is doing.
Musk knows about bots and single purpose hate account networks conducting social media influence campaigns. The guy likely has used those services to protect his brand, to target and silence opposition like Rebekah Jones or Jim Stewartson, and to mess with exes that said dating him was just a means of taking up space. There is zero chance, with his being who he is, that he hasn’t been talking to Jack Dorsey for more than a year setting this up, the biggest PsyOp he has ever undertaken. Let’s recall one thing we know about Musk.
If he needs money, like a quick forty or fifty million, he tweets and it happens.
Yes.
He tweets and it happens.
Because the man has extreme impact on US financial systems all he has to do is say he likes or doesn’t like a given financial offering and people react to that statement dramatically.
Let’s talk crypto, which Elon manipulates repeatedly.
If you don’t understand what crypto is I will explain it simply. Anyone can download a program, boot it up after giving the “money” a name and start generating digital code that acts as a ledger. At that point things get trickier. Each “currency” works essentially like email, save you can only send and receive the code so long as both people have an email account of the same type. These are called wallets.
What does crypto do functionally?
It’s a storage device for sending encrypted data that only the person who has it in their wallet can read. With early generation crypto like BTC (Bitcoin), the code keeps a record of everywhere it has been. That is a problem if say the Feds seized Roger Stone’s wallet and it happened to have your crypto payment for a pardon stuck on its ledger. Older crypto being data saturated, takes days to move the entire code to its destination making it very cost and energy prohibitive. Newer coded crypto works more efficiently with how it deals with adding data to the ledger, but has negligible popular use despite the same data functionality.
Does crypto have value? Yes. Everything has some value, though a digital ledger that everyone can create and use has negligible value. The only thing that holds up the values of Bitcoin or Etherium is blind trust that it has a high value based on a marketing scam, saying it is scarce.
Back to Elon.
Elon has extensive holdings of this so-called funny money that he “invested” in or created himself. By saying something positive about his own investment, that investment’s value skyrockets. Dogecoin, which Musk had a likely large stake initially in, was worth perhaps as low as 100 tokens per cent. When Musk encouraged Dogecoin speculation, Reddit jumped in. That near-worthless code jumped multiple times over the course of a couple weeks as high as one coin for seventy-four cents before Elon crashed it on SNL admitting it was a scam after likely cashing in for tens or even hundreds of millions in added wealth. Today one could purchase eleven Dogecoin codes for a penny. You know who made out like a bandit? Elon. You know who mostly got screwed? Everybody else.
CRYPTO as an investment, is a scam. Elon knows this. That doesn’t prevent him from promoting it with a tweet selling his stake near peak levels, then admitting that the popular techno-currency that anyone can download a program, name a new currency and manufacture, has negligible worth causing a crash that if he so chooses can be used in a repeating loop.
Elon is presently doing the same thing he did with crypto to stocks manipulating value.
Musk purchased a large 5% share of Twitter stock delaying his required disclosures until he had a sufficient cash flow by selling Tesla stock to buy more Twitter stock ending at his owning of 9.2% of the company. By not filing as required, stock prices didn’t reflect what was going on which should have caused Tesla to drop and Twitter to climb in value.
That manipulation saved Musk at least 124 million, which incidentally is how much he ripped off of everybody else to realize those savings. Winners. Losers.
The thing is Musk didn’t execute all the moves he needs to have made to pull off the full stated deal, and Tesla, despite great earnings, dropped significantly making the takeover more cost prohibitive for Elon. He has only pulled 8.4 Billion out of his Tesla “wallet” which many presume he is using to buy Twitter shares with.
It isn’t going to be THAT simple.
Musk knows what he is doing. With that 8.4 Billion I would expect he would then buy Tesla stocks at a discounted rate called options, that he is still promised by the company in lieu of past actual compensation. He would then need to sell those shares to pay both for the purchase of Twitter and the enormous record tax bill that likely eclipses what he paid last year of roughly eleven billion.
Elon needs a high Tesla price to pull that off best, hence his former Yonder “branding marketer” pushes out that perhaps Musk doesn’t know what he is doing and isn’t going to pull off the acquisition. He does. He will.
That is why Tesla stocks rebounded 5.7% percent yesterday.
Good job Renae. Good job Elon. Winners.
The losers are those with Twitter stocks that then sold them when Elon dropped 9.7% off of that stock value. That is just one cycle he intends to run this chain of PsyOp manipulation with help. Most of you saps that are holding Twitter socks are about to transfer more of your wealth to the world’s richest man.
Next, Elon is going to do more messaging about how bad Twitter is. All the bad actors I am following are all signaling this transition to that operation, dissing Elon, bots, all humans must be authenticated and other various concerns. I mean, come on. I am a behavior expert. It is clearly obvious when statements were telegraphed WAY too early before the main part of the op was underway what the next play is. Besides it is true that Twitter is a dangerous product.
Destroying Twitter’s present value hitting it hard with an army of influencers is a winning strategy and Musk knows it.
If the stock tanks, which it likely will using these techniques, Musk is then able to renegotiate from a position of power getting Twitter at much less than the promised 44 Billion, ripping off a load of investors in the process.
Anarcho Capitalist.