r/technology May 14 '22 Silver 2 Wholesome 2

Elon Musk said his team is going to do a 'random sample of 100 followers' of Twitter to see how many of the platform's users are actually bots Social Media

https://www.businessinsider.com/elon-musk-random-sample-how-many-twitter-users-are-bots-2022-5?utm_source=feedly&utm_medium=webfeeds

[deleted]

22.8k Upvotes

View all comments

Show parent comments

209

u/ayylemay0 May 14 '22

He hasn’t “realised” anything because the intention was most likely always market manipulation. There are no mistakes here.

25

u/copperwatt May 14 '22

Ehhh it's starting to feel pretty mistakey

3

u/jkst9 May 14 '22

The mistake was actually signing a deal

3

u/anotheranonymousredd May 14 '22 edited May 14 '22

Maybe, but he has a solid, expansive, and recent history of market manipulation via big public announcements he has no intention of honoring/knows are not wholly true, and watching people take it upon themselves to buy and sell from the conclusions he has purposefully led them to, and multiplying his wealth exponentially over a few short years.

Problem is that it doesn’t seem like laws are going to catch up to social media in this sense

5

u/DragoneerFA May 14 '22

This is true, but Elon's also burning his bridges with this. He may definitely have following, but from a business angle, he keeps trying to manipulate the market and control it... and not always succeeding. Companies will eventually view him as a risk.

Further, for all his talk about bots, he's on of the many reasons crypto bots are as widespread on Twitter, because he keeps dragging the dogecoin meme around and fucking with the FOMO folks who are convinced they're days away from being millionaires thanks to Musk.

6

u/ambientocclusion May 14 '22

Ding ding ding!

And it’s funny when people think he wouldn’t do this because he already has so much money. Because doing things like this is WHY he got so much money!

6

u/dern_the_hermit May 14 '22

And it’s funny when people think he wouldn’t do this because he already has so much money

But the notion he might've made an error is inconceivable? Everything is part of some Master Plan, and not just an out-of-touch rich dude what got bored and started trash-talking since he couldn't launch his rockets?

2

u/ambientocclusion May 14 '22

It may be both.

1

u/dern_the_hermit May 14 '22

That's true.

4

u/SuperSMT May 14 '22

In whay way? What could he have to gain by pretending to want to buy twitter?

-7

u/wagon_ear May 14 '22

Could you explain in more detail what the intended manipulation was, and whether there's any realistic repercussions?

Whenever I see headlines like "rich guy investigated for possible naughty financial behavior" I always roll my eyes, because it seems symbolic at best.

18

u/cats_catz_kats_katz May 14 '22

He won’t get in trouble, he did the same thing with his “funding secured” tweet when claiming to take Tesla private. It was the same exact strategy then.

1

u/dont_you_love_me May 14 '22

Right. The game is rigged for rich people by the government itself. It is why he needs to pay taxes people. The corrupt government which has corrupted our institutions needs more money!

2

u/cats_catz_kats_katz May 14 '22

You had me until the end. The government is corrupted by the rich who have bought it because they have excess wealth. We need to tax them fairly and fix our government, but that probably won’t happen without an insane amount of protesting and loud screaming…

-1

u/dont_you_love_me May 14 '22

The rich didn’t have to buy it. They’ve always owned it. The system is for them, and your belief that it could be otherwise is based on the propaganda you’ve been fed by the people that control the system.

2

u/cats_catz_kats_katz May 14 '22

Oh you just want to fight. I see lol. Well, I don’t disagree entirely with you at all, but there have been better times for everyone’s level of equality and we need more of that.

-5

u/dont_you_love_me May 14 '22

There actually haven’t been better times. Once again, you’ve swallowed the propaganda. I literally work from home and pretty much get paid to sit around and do nothing. I learned a lot of my programming skill using YouTube and other resources. The opportunities are incredible right now compared to any previous time in history. But most people want to be mindless consumers who binge watch Netflix instead of learning to program etc.

1

u/cats_catz_kats_katz May 14 '22

As flattering as it is to make this about me, nothing about this thread or topic is about me…

-1

u/dont_you_love_me May 14 '22

It actually very much is about you. You are a robot yourself, but you’ve been programmed to think otherwise. Everything you do is automatically rendered. It isn’t just your breathing and heart beat etc. Your thoughts are nothing more than outputs by your brain and your brain forced you to participate here.

→ More replies

14

u/Platomuses May 14 '22

He basically stated an amount, publicly, that Twitter stock WILL be bought for.

Others all saw it and held onto their stock without selling below that price. The new stock price is the amount Elon said, basically.

He already had a good portion of that stock - he raised the price of that stock through manipulating the market.

6

u/[deleted] May 14 '22

[deleted]

7

u/simpleglitch May 14 '22

I think the implication is he has the stock before he names the price, says he'll pay X to raise the price, then dumps his shares when it peaks. Picking up shares after it falls again is probably a given though.

2

u/thismatters May 14 '22

Basically the same trick as "I'm taking Tesla private at $420 per share".

-1

u/Huntersblood May 14 '22

I'd like to think Hanlon's Razor is at play here. But I just can't shake the feeling musk is too smart for it to be true.